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May 26, 2020

Coronavirus Update: Wage subsidy scheme helps more than 125,000 people so far

Tamás Schanda, Deputy Minister of Technology and Innovation (ITM), reported today that huge interest had been shown in wage subsidies, with some 126,000 people requesting help.

 

During today’s Operational Group press conference, Tamás Schanda, Deputy Minister of Technology and Innovation (ITM), reported that huge interest had been shown in wage subsidies, with some 126,000 people requesting help. "Those whose employer has reduced their working hours can apply for subsidies,” he said, adding that “there is also a huge demand for special R&D wage subsidies, more than 10,000 people have so far requested this type of allowance."

Schanda added that in the situation created by the epidemic, the government will do its utmost to protect jobs; an economic protection action plan has been launched with the aim of helping 70,000 jobseekers find work with a HUF 80 billion pot. However, in parallel with the protection of jobs, Hungarian-owned companies must also be protected. In order to protect Hungarian companies from unfair foreign acquisition, “according to a government decree, until the end of 2020, a foreign player can only acquire ownership in key sectors and strategically important companies with the permission of a minister," he said.

“Intentions to acquire ownership must be reported to the ITM minister, who can authorize or prohibit the transaction,” the deputy minister said, adding that this new regulation “applies to priority sectors such as defense, energy, chemicals and the food industry."

A call center set up for advice on the coronavirus can be reached on +36-80-277-455 and +36-80-277-456 or by email koronavirus@bm.gov.hu