Hungary is relying on its own domestic resources
“It is important to stress with relation to the current migration crisis that Hungary is relying on its own domestic resources; the Government would like to support the Hungarian people and Hungarian families”, the Ministry of Human Capacities’ Minister of State for Family, Youth and International Affairs declared at a press conference held in the recess of the World Congress of Families in Budapest on Friday in Budapest.
Katalin Novák told reporters that at its meeting on Wednesday the Cabinet had adopted a family protection programme that will introduce further measures to assist families from next year.
Providing further details with regard to the measures, Ms. Novák said that starting on 1 January 2018 116 thousand women with student loans will be affected by the opportunity to suspend the repayment of their loans for a period of three years beginning in the third month of pregnancy in the case of their first child. With the arrival of their second child, loan repayment will not only be suspended, but in addition 50 percent of their student loan will be waived, while in the case of a third child the loan will be written off entirely.
Related news
Related news
Hungarian family businesses invest in cooperation, not generational change
More than 20 percent of the 515,000 partnerships operating in…
Read more >Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >