New Compensation Scheme for Large Enterprises
- July 13, 2020
The coronavirus outbreak has a severe economic impact that resulted in declining revenues and operating profit. Therefore, Hungary has adopted a new compensation scheme that compensates the affected undertakings for the damage caused by the COVID-19 outbreak and administrative measures adopted with the intention to minimize the spread of the virus.
The compensation will be granted in the form of non-refundable cash grant for those companies that are willing to contribute to economic recovery of Hungary. Hungary has allocated a budget of HUF 50 billion from national resources for the realisation of the aid scheme.
For further information about the program, please refer to HIPA's presentation by clicking here.