On 19 March 2020, the Hungarian Government introduced several measures to ease the economic impacts of the COVID-19 crisis. These measures include, among others, a moratorium on loan repayments.
Background
Effective 19 March 2020, the measures are intended to provide immediate assistance to corporate and private individual taxpayers in the new global environment.
One of these measures is the suspension of repayment of loans. Further, the Government also introduced the prohibition of termination and…