Hungary is taking some extreme measures....
Loan payments are suspended until the end of the year for all private individuals and businesses who took loans out before today,
Short-term business loans are prolonged until 30 July,
Starting from Thursday, the annual percentage rate of all new consumer loans will be limited at the Central Bank's base interest rate plus five percentage points.
Sectors that were severely hit by the pandemic (tourism, restaurants, entertainment venues, sports, cultural services, transportation) will be exempted from paying social security contributions.
Employment regulations will be made more flexible to facilitate agreements between employees and employers.