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ORBÁN PLEDGES GOVT HELP FOR ECONOMIC PLAYERS

Prime Minister Viktor Orbán has pledged government support for economic players that suffer losses due to the new coronavirus.
 

Speaking at an event organised by the Hungarian Chamber of Commerce and Industry (MKIK), Orbán referred to a new action plan in the making to protect the economy, and asked the chamber to collect and forward by the end of April feedback from economic players concerning which sectors are expected to experience difficulties.
Orbán said that rather than introducing blanket macroeconomic measures, specific sectors such as tourism would need targeted help, and the government is prepared to create the appropriate financial conditions. The budgets for this year and next will be redrafted to take into consideration additional billions of euros needed for economic stimulation measures, he added. Solutions must be geared towards ensuring that the economic downturn does not match that of the 2008-2009 economic crisis, he said, adding that Hungary must maintain its growth advantage over the EU. Orbán said preparations must be made for a global pandemic, adding that “everyone must step out of their comfort zone”.