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Coronavirus: Half of Companies in Hungary Contingency Planning

MTI-Hungary Today 2020.03.17.

Half of the 9,000 companies that have responded so far to a survey by the Hungarian Chamber of Commerce and Industry (MKIK) concerning their response to the novel coronavirus have indicated that they are putting contingency measures in place.

More than 15,000 companies responded to questions concerning how the virus impacts their businesses, the chamber’s head, László Parragh, told public television on Tuesday.

Tourism and Hospitality Industries Hit Hard due to Coronavirus

Foreign-owned multinationals typically have plans in place while smaller, Hungarian-owned companies are struggling to handle the problem.

Fully one-third of companies have the wherewithal to operate home offices, the survey found.

Coronavirus Pushes Forint to New All-Time Low

Prime Minister Viktor Orbán recently asked the chamber to survey its members so as to help the government shape a policies for sectors hardest hit by the virus.

Featured photo illustration by pixabay.com