Gov't extends blanket repayment moratorium till Sep 30
Image by Shutterstock.com
Hungary's government has extended a blanket moratorium on loan repayments for three months until the end of September, state news wire MTI reports citing a decree published in the latest issue of the official gazette Magyar Közlöny.
Late in May, Gergely Gulyás, the head of the Prime Minister's Office, had said the moratorium would be extended for a period of two months.
In a report published a week earlier, the National Bank of Hungary (MNB) warned of risks involved with maintaining the blanket repayment moratorium and urged borrowers who don't require the backstop to start paying installments again.
MOL Shareholders Approve Dividend of Around HUF 250/Share
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
