Orban announces measures to ease economic impact of epidemic

Prime Minister Viktor Orban announced a number of measures to ease the economic impact of the coronavirus epidemic, on Wednesday. In a video on his Facebook page, Orban said moratoriums on repayment of principal as well as interest on all retail and corporate loans would be in place until the end of the year. The maturities of short-term corporate loans will be extended until June 30, he said. Annual percentage rates on new personal loans will be capped at five percentage points over the central bank's base rate of 0.90 percent.