Self-employed apply for HUF 9.2 bln of stimulus payments

Government

Image by Shutterstock.com

More than 42,000 self-employed Hungarians have applied for HUF 9.2 bln of one-off stimulus payments the government is providing in professions hit hardest by pandemic restrictions, state secretary Tamás Schanda said on Friday.

The HUF 219,000 payments, equivalent to one month's minimum wage, aim to support the recovery for self-employed Hungarians working as hairdressers, cosmeticians, tour guides, and driving instructors, among other professions.

Self-employed Hungarians were not eligible for pandemic wage support earlier available to companies with people on payroll.

Schanda earlier estimated that 100,000-120,000 self-employed Hungarians would be eligible for the stimulus.

ADVERTISEMENT

Growth plans and inflation uncertainty in European companies Analysis

Growth plans and inflation uncertainty in European companies

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.