Finance Ministry

PM Orban: furlough difficult to enforce, project falls completely, restructuring to be done out of necessity

The project of putting public employees on furlough was difficult to enforce, especially in certain areas where the fight against COVID-19 would have been affected, and this project "has fallen completely", Prime Minister Ludovic Orban told private broadcaster B1 TV on Thursday evening.

Strict criteria set for the ‘Deposit to Be Returned’

The extent of losses each enterprise has suffered in March will be one of the key criteria determining its eligibility for a state loan dubbed the "Deposit to Be Returned," as well as its size.
The Finance Ministry will compare the company's March turnover for each of the last three years and, using an algorithm, will calculate the lost profits.