Banking association supports ending blanket repayment moratorium
Government to initiate extending pandemic related law’s effect
The extension of the law’s effect is necessary to defend against the pandemic which is still present and because of an increase in the number of infections triggered by the spread of the delta variant of the virus in Hungary and across Europe, KTK said in a statement.
The proposal will soon be submitted to parliament and may be tabled among the first items on the agenda in the autumn, it said.
KTK said that Hungary’s parliament had voted on May 18 to amend the law on the special legal order in connection with protection measures against the pandemic. The legislation contains a sunset clause which is 15 days after the start of the autumn parliamentary session, it said.
Banking association supports ending blanket repayment moratorium
Those who can should start making their repayments again; the banks will support customers in taking a responsible decision on participation in the moratorium extended until June 30, 2022, Jelasity said.
The moratorium will continue for vulnerable borrowers, who have until the end of October to notify their banks that they intend to keep participating. According to data available to the association, seven out of ten customers could be eligible to remain in the moratorium but Jelasity believes that fewer will actually avail themselves of the opportunity, so the number of participants will fall significantly from November.
General secretary Levente Kovacs said the association called for targeted support as early as when the moratorium was first introduced. The Hungarian bank sector has fulfilled its obligations responsibly since the state of emergency was declared, banks provided the possibility of the moratorium without delay and paid the special banking tax, he added.
Budapest hunting expo exempt from pandemic related restrictions
According to the amendment, visitors can attend all events and programmes of the expo without an immunity card and under no restrictions.
Preparations for the event dubbed One with Nature World of Hunting and Nature Exhibition are going according to schedule.
Hungary has recently hosted several large-scale events including the celebrations of the August 20 national holiday and the 52nd International Eucharistic Congress attended by several hundreds of thousands of people.
