BR100 Increased By (0.44%)
BR30 Increased By (1.39%)
KSE100 Increased By (0.62%)
KSE30 Increased By (0.61%)
BECO 5.43 Decreased By ▼ -0.06 (-1.09%)
BML 55.69 Decreased By ▼ -1.07 (-1.89%)
BOP 35.38 Increased By ▲ 0.26 (0.74%)
CNERGY 8.20 Increased By ▲ 0.05 (0.61%)
DCL 11.55 Increased By ▲ 0.04 (0.35%)
FCCL 58.36 Increased By ▲ 1.61 (2.84%)
FCSC 5.12 Decreased By ▼ -0.03 (-0.58%)
FFL 17.84 Decreased By ▼ -0.04 (-0.22%)
FNEL 1.25 No Change ▼ 0.00 (0%)
HUMNL 11.07 Decreased By ▼ -0.05 (-0.45%)
KEL 8.75 Increased By ▲ 0.33 (3.92%)
KOSM 6.69 Increased By ▲ 0.11 (1.67%)
MLCF 107.15 Increased By ▲ 3.85 (3.73%)
NBP 201.73 Increased By ▲ 1.55 (0.77%)
PACE 11.30 Increased By ▲ 0.01 (0.09%)
PAEL 44.49 Increased By ▲ 1.02 (2.35%)
PIAHCLA 29.41 Increased By ▲ 1.92 (6.98%)
PIBTL 18.64 Increased By ▲ 0.94 (5.31%)
PPL 247.98 Increased By ▲ 3.66 (1.5%)
PRL 35.29 Decreased By ▼ -0.14 (-0.4%)
PTC 66.14 Increased By ▲ 0.79 (1.21%)
SEARL 95.49 Increased By ▲ 2.17 (2.33%)
SSGC 32.04 Decreased By ▼ -0.90 (-2.73%)
TELE 8.87 Decreased By ▼ -0.04 (-0.45%)
THCCL 66.61 Decreased By ▼ -0.11 (-0.16%)
TPLP 10.57 Decreased By ▼ -0.26 (-2.4%)
TREET 25.30 Increased By ▲ 0.18 (0.72%)
TRG 64.40 Decreased By ▼ -0.50 (-0.77%)
WAVES 10.90 Decreased By ▼ -0.03 (-0.27%)
WTL 1.26 Increased By ▲ 0.01 (0.8%)
World

Hungary to start vaccinations, launch anti-COVID economic measures

  • Hungary's economy took a big hit in the pandemic, and the government expects gross domestic output to shrink by about 6% in 2020 followed by a modest rebound in 2021.
Published December 18, 2020 Updated December 18, 2020 05:05pm
By

BUDAPEST: Hungarian Prime Minister Viktor Orban on Friday said he would announce new measures on Saturday to fight the economic fallout from the novel coronavirus pandemic, adding that they would take effect on Jan. 1.

Hungary's economy took a big hit in the pandemic, and the government expects gross domestic output to shrink by about 6% in 2020 followed by a modest rebound in 2021.

"Tomorrow morning I would like to announce what next steps we will introduce from January 1 in the economic action plan designed to avert the economic crisis caused by the virus," Orban said in an interview with state radio mr1.

He added that even with the economic plans on track he expected a long ideological fight with the European Union over matters like immigration and gender equality to continue.

Nationalist Orban, in power for a decade, faces his toughest elections in 2022, fighting the effects of the pandemic, persistent moral and corruption scandals, against an opposition that has unified for the first time to unseat him.

Hungary and Poland, long accused of a democratic backslide, for weeks blocked the European Union's 1.85 trillion euro budget and coronavirus recovery fund to avert an immediate prospect of submitting to rule-of-law standards or lose EU funding.

Orban has said he expects Hungary to emerge from the pandemic by about April. He said he expected vaccinations to start on Dec. 27 or 28, adding that the first vaccine shipment will be enough to inoculate about 35,000 people.

Comments

Comments are closed for this article.