Hungarian PM says to extend loan moratorium, cut local business tax

  • 12/19/2020
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BUDAPEST, Dec 19 (Reuters) - Hungary’s government will extend a moratorium on loan repayments by households and businesses until July to mitigate the impacts of the coronavirus crisis, Prime Minister Viktor Orban said on Saturday. Orban also said in a posting on his Facebook page that a local business tax for small and medium-sized businesses will be reduced by half from the beginning of January, as these companies provide most of the jobs in the economy. Families with children or expecting a child would be eligible for a preferential loan and non-refundable grants to renovate their homes, the prime minister added. (Reporting by Krisztina Than; Editing by Alexander Smith)

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