Hungary can avoid a crisis similar to the one in 2008 thanks to measures taken by the government and the National Bank of Hungary (NBH), as well as the country’s stable banking sector, Radovan Jelasity, the recently elected chairman of the Hungarian Banking Association, said in an interview with MTI.
So far 625 companies have applied for government subsidies for investments that support job preservation during the coronavirus crisis, Peter Szijjártó, the foreign affairs and trade minister, said on Monday.
The government’s 2021 budget bill allocates some 3,000 billion forints (EUR 8.5bn) for a health-care and pandemic defence fund, Finance Minister Mihály Varga said in a video posted on Facebook.
The Employment and Social Affairs Committee is set to delve into alleged breaches of EU law on working time, health and safety of cross-border workers, on Tuesday.
Radovan Jelasity, the chairman-CEO of Erste Bank Hungary, was elected chairman of the Hungarian Banking Association on Friday, the professional body said.
Hungary’s cash flow-based budget deficit, excluding local councils, reached 727.4 billion forints (EUR 2.1bn) at the end of April, a second reading of data from the finance ministry showed.
More than 8,000 companies have applied for wage support for around 105,000 employees who are working reduced hours under a government scheme to manage the economic fallout of the coronavirus pandemic, Minister of Innovation and Technology László Palkovics said at a daily coronavirus briefing.
The Centrist Democrat International (CDI), a Christian Democratic political formation, held a video conference to discuss as a priority the tackling of the coronavirus pandemic, the press chief of Hungarian Prime Minister Viktor Orbán said.
Fidesz MEP László Trócsányi said in an article published in Wednesday’s Magyar Nemzet that confrontations between the European Union’s institutions and those of member states were predictable as “the balance outlined in the EU treaties have been upset” and the EU is “showing tendencies that institutions of the individual member states reject”.
The number of registered jobseekers in Hungary rose by an annual 69,000, or 26.5%, to 330,700 in April, data published on the website of the National Employment Office (NFSZ) show.
