ADVERTISEMENT

Wage support for hardest-hit sectors extended till March

Government

Photo by Shutterstock.com

Wage support the government is offering for workers in the tourism and catering sectors has been extended through March, Innovation and Technology Ministry state secretary Tamás Schanda said on Friday, according to a report by state news wire MTI.

The government offered to cover half of gross wages of businesses that have been hit the hardest by the pandemic as it tightened restrictions and introduced a curfew in November. It also exempted those businesses from payroll tax, effectively subsidizing two-thirds of payroll costs.

Schanda said more than 16,000 businesses had applied for over HUF 41 billion of the wage support for some 115,000 employees. About 95% of those applications were accepted and 99% of the subsidies, close to HUF 39 bln, have been awarded, he added.

Hungary's government has decided to extend pandemic restrictions, which include an evening curfew, a ban on dining in and the closure of commercial accommodations, until March 15.

ADVERTISEMENT

Households Make Net Withdrawals in April Figures

Households Make Net Withdrawals in April

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Hungary Home Sales Drop 19% in May Residential

Hungary Home Sales Drop 19% in May

Tourism Nights Slightly up in April 2023 Tourism

Tourism Nights Slightly up in April 2023

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.