HUNGARY: NEW LENDING MARKET PROVISIONS DUE TO COVID-19

Due to the COVID-19 outbreak, the Hungarian government has declared a state of emergency as of 11 March 2020. On 18 March 2020, the Hungarian government introduced additional economic measures by adopting Government Decree 47/2202 (III. 18.) (Decree), which will impact lending procedures. The Decree is effective as of 19 March 2020. In order to learn more, please download the file below.