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IMPACT OF COVID-19 CRISIS ON STATE-OWNED COMPANIES OVER HUF 100 BN

 

The coronavirus crisis will have a direct cost impact of 15 billion forints (EUR 42m), but an indirect impact on profit-and-loss statements of state-owned companies of over 108 billion forints this year, Andrea Mager, Hungary’s minister in charge of state assets, told a parliamentary committee on Tuesday.
Mager said state-owned companies that had to maintain levels of service even amidst sharp drops in demand were hit the hardest by the crisis.