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The goal is to save hundreds of thousands of jobs.
They are confident that these measures will save hundreds of thousands of jobs, Orbán concluded.
Four decisions were made
Four decisions were made:
- The moratorium on loans to families and companies will extend until July 1. The moratorium is automatically extended, only those who want to repay their loan despite the moratorium should visit their bank.
- Companies that were forced to close temporarily due to epidemiological measures are supported by the government in both December and January by resigning and taking on two-thirds of wage costs. In addition to restaurants, hotels and tourism, the tax exemption and salary subsidies will be extended to private bus companies that are forced to take a break.
- Business taxes for small and medium-sized businesses and sole proprietors will be cut in half from January 1, as they provide the most jobs and are the most vulnerable at the time of the epidemic. Municipalities with fewer than 25,000 inhabitants will receive government support and the financial situation of the larger municipalities will be reviewed individually.
- Families raising children and hoping to have children are assisted with a discounted home renovation loan of up to HUF 6 million with an interest rate of up to 3%. Of this amount, 3 million HUF is a non-refundable grant, which can be used at the end of the renewal and automatically reduces the loan amount.
They complement the economic protection action plan
The virus has affected not only people’s health, but also the economy and employment, so families and businesses must be protected, the prime minister said.
To this end, the government ordered the completion of the economic protection action plan.
Hospitals are in the mud
The coronavirus is besieging new peaks in Europe. Doctors, nurses and hospitals are well exposed to the virus, Orbán began his Facebook video today.
The government will provide them with all the tools they need to defend themselves, he added.
Viktor Orbán will speak soon
The Prime Minister posted on Facebook that the announcement of economic recovery measures for next year will come soon.
Cover Image: Facebook
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