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Hospitality Industry in Trouble: Will the Government’s Financial Aid be Enough?

2020. november 13.

Hungary Today - by Balázs Frei

The new coronavirus restrictions are expected to once again impact the hospitality industry negatively. The government has therefore offered tax cuts and financial aid to firms; for the restaurant and related industries 50% of gross wages, for hotels, 80% of missed revenue from bookings. Will this keep the sector afloat?

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Featured photo illustration by Szilárd Koszticsák/MTI