Hungarian Prime Minister Viktor Orban announced new economic aid measures to boost economic activity, as the number of COVID-19 cases in the country surpassed 300,000 on Saturday.
“In the interest of families and businesses, the government has decided to add new elements to its economic protection action plan,” Orban said in a Facebook post, in which he listed the decisions. following.
The first is to extend a moratorium on the repayment of loans to households and businesses until July 1, 2021, in order to mitigate the effects of the pandemic, Mr Orban said.
The government will also offer grants to businesses that have been temporarily closed due to anti-COVID-19 measures, he said.
“They are supported by the government, because in December and January, the government will pay two-thirds of the social charges of their employees,” Orban noted.
In addition, local taxes for small and medium-sized businesses will be halved from January 1, said Orban, who added that the measure targets people living in small towns, with less than 25,000 residents.
The Hungarian government will also offer a special loan and non-repayable grants to families with children or expecting a child to renovate their home, Orban said.
Hungary registered 4,045 new COVID-19 cases in 24 hours on Saturday, bringing the number of national cases to 300,022, according to the government’s coronavirus news website.
In the past 24 hours, 189 people have died from the disease, bringing the death toll to 7,914 nationwide, while so far 93,323 people have recovered. Currently, 7,295 patients are treated in hospitals, and 538 of them are on life support.
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