financial package of immediate measures in response to the coronavirus crisis was announced on 18 March by the government of Hungary.
- The payback
of all loans given to individuals and companies is suspended until end of the
- All short-term
business loans are extended until end of June.
- The new APR
on consumer loans taken from now will be capped at + 5% of the central bank
in the most crucial sectors of tourism, hospitality (catering), entertainments,
sports, cultural services, and passenger transport are exempt from paying payroll
taxes, and their employees do not have to pay pension contribution, while the health
insurance premium is reduced to the minimum until June. The tourism development
contribution will also be released by 30 June.
- The regulation of Labour Code will be more
flexible. The aim is to make it easier for employers and employees to match.
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