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Mar 18, 2020

Half of companies in Hungary are putting contingency measures in place

Foreign-owned multinationals typically have plans in place while smaller, Hungarian-owned companies are struggling to handle the coronavirus.

Half of the 9,000 companies that have responded so far to a survey by the Hungarian Chamber of Commerce and Industry (MKIK), concerning their response to the novel coronavirus, have indicated that they are putting contingency measures in place.

According to MTI, more than 15,000 companies responded to questions concerning how the virus impacts their businesses.

The chamber’s head, László Parragh said foreign-owned multinationals typically have plans in place while smaller, Hungarian-owned companies are struggling to handle the problem. What’s more, the survey found that one-third of companies have the wherewithal to operate home offices.

Prime Minister Viktor Orbán recently asked the chamber to survey its members so as to help the government shape a policies for sectors hardest hit by the virus.