Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 19, 2020

Hungary Expects Hundreds of Thousands of Unemployed Due to Virus

(Bloomberg) --

Hungary is bracing for hundreds of thousands of people becoming unemployed due to the coronavirus pandemic, a top government official told reporters on Thursday.

The full extent of the crisis will determine how many hundreds of thousands will lose their jobs, said Gergely Gulyas, the Minister in Charge of the Prime Minister's Office. The government and the central bank will help smaller firms, including by providing lending incentives and direct payments that may help keep them in siness, he said.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search