Hungary to offer 4th Covid vaccine

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Budapest, Jan 14 | To keep the fifth Covid-19 wave under control, the Hungarian government announced that it would offer a fourth vaccine against the virus to the country’s citizens on a voluntary basis.

“Those who want to will be able to receive the fourth jab after consulting with a doctor,” Gergely Gulyas, Prime Minister Viktor Orban’s chief of staff, told journalists, adding that the government will soon publish the relevant decree.

The move was made necessary by the fast-spreading Omicron coronavirus variant, reports Xinhua news agency.

“Most infections are now caused by the Omicron variant, but the government expects the number of people needing hospital care not to rise as fast as the number of infected,” Gulyas said.

The government also decided to modify its official pass, called “protection certificate” in Hungarian, which will from February 15 be called “vaccination certificate”.

The card will only be issued to those who have received three vaccine doses or at least a second jab in the past six months.

“The government is confident that this step will convince many unvaccinated people to get inoculated, but no new measures are planned to make vaccination mandatory,” Gulyas said.

The government has also reduced the quarantine period from ten days to seven days, allowing those with a negative test result out of isolation after five days.

In schools, even in the lower grades, unvaccinated children who come in contact with someone with Covid-19 will have to quarantine for five days. For them, homeschooling will be offered as an option.

The country’s overall infection tally has increased to 1,318,093, while the death toll stood at 40,164.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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