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State Secretary: Eastern Jabs Saved Hungarian Economy ‘Vast Amounts of Money’

MTI-Hungary Today 2021.05.05.

Hungary’s use of the Russian and Chinese Covid-19 vaccines saved the country’s economy “vast amounts of money”, a foreign ministry official said on Tuesday.

Tamás Menczer, the state secretary for communications and international representation, said in a Facebook video that the Hungarian economy had lost 10-15 billions of forints (EUR 28-42m) per day during the lockdown.

Without access to the Sputnik V and Sinopharm jabs it would have taken the country a month and a half longer to reach 4 million vaccinations, Menczer said. That amount of time lost would have cost the economy more than 550 billion forints, he said. However, most of this money has been saved thanks to the Eastern vaccines, he added.

Coronavirus in April: From the Darkest Days of the Pandemic to Reopening Step-by-step
Coronavirus in April: From the Darkest Days of the Pandemic to Reopening Step-by-step

Hungary had seen the blackest days of the pandemic in the first half of April. After the country unfortunately became the world leader in fatalities in proportion to the population (based on the seven-day rolling average) in the middle of March, in April, Hungary also became the country hit the hardest since the beginning of […]Continue reading

“In other words, not only did the decision to purchase the Russian and Chinese vaccines save lives and help reopen the country, it also benefitted the economy,” Menczer said. “The more of us get the vaccine, the sooner we’ll be getting our old lives back.”

Featured photo by Zoltán Balogh/MTI