Hungary to create $2 billion anti-coronavirus fund partly from taxing banks


  • World
  • Saturday, 04 Apr 2020

FILE PHOTO: Gergely Gulyas, Hungarian Prime Minister Viktor Orban’s chief of staff speaks during an interview in his office in Budapest, Hungary on September 16, 2019. REUTERS/Gergely Szakacs

BUDAPEST (Reuters) - Hungary's government has created a $2 billion (1.6 billion pounds) special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday.

Prime Minister Viktor Orban's Chief of Staff, Gergely Gulyas, told an online press briefing that Hungarian banks will be expected to pay 55 billion forints ($163 million) in the fund this year, with multinational retailers adding 36 billion forints.

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