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53 November, 2020 Hungary Global: 49 Availability: 48 Cost: 32 Regulation: 40 Productivity: 59 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 30 Availability: 31 Cost: 16 Regulation: 27 Productivity: 31 Remote Readiness 24 Remote Readiness 39 Almost a third of the $6.2 billion USD spent by Hungary in response to Covid-19, is in the healthcare sector. Other measures include: • Reductions in social security contributions • Exemptions and deferment of corporate taxes • Subsidization of workers on short time work • Support for impacted sectors • Wage subsidy program for new hires who are employed for at least 9 months https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 With exceptions for specific purposes, borders in Hungary are closed to foreigners. However, the conditions are slightly more relaxed for travellers from Czech Republic, Poland and Slovakia. A national night time curfew is in place. Non- essential shops are closed and face masks are mandatory in public places indoors. High schools and universities are closed. 4.1% 4.7% 0% 20% Hungary Regional Ave. % of GDP Hungary Q4 2019* Q4 2020* % Change YOY Total Workforce 4.67M 4.69M +0.6% Unemployment Rate (%) 3.5% 4.4% +26% Unemployed Workers 163K 207K +26% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ http://www.ksh.hu/docs/hun/