News in Brief Foreign Minister secures hundreds of jobs following Germany visit Dec 17, 2020 The government has signed new investment agreements with Rosenberger and Knaus Tabber. BMW will also use its plant in Debrecen to build electric vehicles.
News in Brief FM: Hungary sees all companies willing to invest into preserving jobs as allies Sep 08, 2020 Minister Szijjártó said the Hungarian economy’s best chance of becoming successful is the work of its citizens and not international loans leading to vulnerable economies.
News in Brief Government scheme to revive the economy has so far helped save 120,000 jobs Aug 20, 2020 The foreign minister said that 646 companies out of 806 bidders have now received grants totalling HUF 146 billion (EUR 418).
Blog Operational Group: More than 95,000 jobs have already been saved May 19, 2020 - Zoltán Kovács In the past two weeks, more than 2,700 companies have applied to the government’s wage subsidy program, saving tens of thousands of jobs nationwide. Meanwhile, the coronavirus continues to spread the fastest in Budapest.
News in Brief Coronavirus Update: Nearly 100,000 jobs saved so far May 19, 2020 In the past two weeks, more than 2,700 companies have applied for the government’s wage subsidy program saving tens of thousands of jobs nationwide.
News in Brief HUF 12 billion pot available for SMEs to create jobs in Hungary Feb 06, 2020 SMEs can submit applications for part of a HUF 12 billion fund if they can commit to increasing their number of employees by at least three.
News in Brief Government provides HUF 43.5 billion to help disabled people find jobs Jan 03, 2020 Surveys have found that businesses tend to be satisfied with the work of their disabled employees and willingness to employ them is increasing.
News in Brief FM: German companies have created over 300,000 jobs in Hungary Jun 13, 2019 The FM pointed out that the Hungarian and German economies are mutually dependent on one another, and that 30 percent of Hungary’s foreign investments come from Germany.
News in Brief Hungary’s rolling average three-month jobless rate has fallen to 3.7 percent Nov 28, 2018 KSH figures show that there were 172,900 unemployed in Hungary in August-October, 5,300 fewer than in July-September and 10,600 fewer than in the same period in 2017
News in Brief Indian plastic packaging firm to build new 23 billion HUF (71.5m EUR) plant in Rétság Nov 22, 2018 Flex Films will receive a 2.8 billion HUF grant for the investment which will create 170 new jobs and help generate the local economy
News in Brief Ford opens new service center in Budapest Sep 17, 2018 Ford will employ 700 people in Hungary, mostly young professionals with university degrees who speak several languages
News in Brief Hungary is first Eastern European country to host the renowned EuroSkills contest Sep 17, 2018 EuroSkills, a biannual competition that showcases the best young skilled professionals on the continent, is expected to draw almost 100,000 visitors to Hungary on September 26-28th
News in Brief Hungary’s unemployment rate has dropped 4.2 percent in a year Aug 30, 2018 According to statistics released by the Central Statistical Office (KSH), while Hungary’s rolling average jobless rate dropped year-on-year, it stood at 3.6 percent in May-July
News in Brief Study finds that 30 percent of employees in Hungary have flexible working hours Jul 24, 2018 In Hungary, 74 percent still work in traditional settings while 30 percent have experienced a shift towards flexible work
News in Brief Number of Hungarian graduates finding jobs when leaving university is one of highest in Europe Jul 18, 2018 Official figures show that 85 percent of Hungarian graduates find jobs when leaving university
News in Brief Bosch expands European operations in Hungary Jul 11, 2018 More R+D jobs for local and international workers are in the pipeline
News in Brief Hungary’s unemployment rate hits an all-time low of 3.7 percent Jun 29, 2018 The finance minister said income has been increasing thanks, in part to the six-year wage agreement, and the number of people in employment has also been rising in Hungary
News in Brief Government provides funding for student jobs this summer Jun 05, 2018 The Finance Ministry has earmarked 3 billion HUF (9.4 million EUR) for the summer-focused program
News in Brief Economy Ministry: Working in Hungary is becoming “increasingly worthwhile” thanks to tax cuts and pay rises May 02, 2018 Hungary’s GDP growth rate of above 4 percent suggests that wages are likely to grow in the coming period, leading to increased employment and a continued rise in living standards
News in Brief Figures show that Hungarians with a job rose by more than 750,000 compared to 2010 Mar 29, 2018 The Hungarian model is working and the economy is growing at a robust rate. The jobless rate is falling and wages are increasing
News in Brief Audi Hungária announces new R&D base to be built in Győr Feb 20, 2018 Hungarian automotive industry moves from 'Made in Hungary' to 'Invented in Hungary'
News in Brief The highest paid jobs in Hungary revealed Feb 08, 2018 Data from the Hungarian Central Statistical Office (KSH) revealed that the highest paying job in Hungary is in Csongrád county
Blog Unemployment in Hungary hits a new record low Feb 05, 2018 - Zoltán Kovács The latest numbers are out. Unemployment has reached a record low of 3.8 percent. According to 2017 fourth quarter data released last week by the Central Statistical Office, unemployment has been on the decline for 66 consecutive months.
News in Brief Ada expands Hungarian operations creating more than 100 new jobs Jan 15, 2018 Péter Szijjártó, minister of Foreign Affairs and Trade, said the group will increase production capacity with an investment of 5.2 billion HUF (16.8 million EUR), towards which the Hungarian government will provide one billion HUF in non-returnable funding
News in Brief Hungarian wages set to increase by 10 percent in 2018 Jan 08, 2018 A hot labor market is causing firms to increase wages up and down the country
Blog People need work not welfare checks to escape poverty Jan 04, 2018 - Zoltán Kovács When the Orbán Government entered office in 2010, the prime minister said that Hungary would offer employment over welfare checks. Critics quickly denounced it as inhumane. Seven years on, 741 thousand more Hungarians have jobs. Tens of thousands that suffered from long-term unemployment have rejoined the active labor force, reclaiming their dignity and self-respect, and it has helped many out of poverty.
News in Brief Minister's year-end review: Unemployment and taxes down, wages up, and government will continue to fight the 'Soros plan' Dec 13, 2017 The government has created 700,000 new jobs, increased the minimum wage from 73,500 HUF in 2010 to 127,500 HUF today, and is fighting the migrant crisis for all of Europe
Blog Hungary's record-breaking employment rate [VIDEO] Dec 12, 2017 Since the fall of communism, Hungary's employment rate has never been as high as it is now.
News in Brief Hungary’s employment rate in the 20-64 age group nears 75 percent Dec 07, 2017 Csaba Dömötör, parliamentary state secretary at the Cabinet Office of the Prime Minister, said a consensus in Hungary had emerged on applying the principle of “offering work instead of benefits”
News in Brief Hungary's unemployment rate is the lowest in almost 30 years Nov 30, 2017 The current unemployment rate is at the lowest point since Hungary’s regime change in 1989-90, said Péter Cseresnyés, state secretary at the Ministry for National Economy
Blog The Hungarian model is working – lowest unemployment since 1989 Oct 31, 2017 - Zoltán Kovács With record-low unemployment, steadily increasing wages and other rock-solid indicators, the Hungarian economy is healthier than it’s been in years. The economic performance of Central Europe has become the driving force for growth in the EU, but that’s not the only reason why Hungarians can now be proud of their achievements over the course of the last seven years.
News in Brief Prime Minister PM Orbán says success of central Europe is thanks to the power of the Visegrad Group Oct 27, 2017 “The economic growth of the four Visegrád Group (V4) countries is outstanding," the prime minister said. “If we do not count the performance capabilities of our four countries, there is practically no economic growth within the European Union. Central Europe is Europe’s safest and most rapidly developing region"
News in Brief Hungary's labor shortage is the biggest challenge for businesses Oct 11, 2017 Official figures show that 86 percent of the 400 managers who responded to the survey said their companies "struggle to find experienced labor and 71 percent said hiring career-starters is difficult"
News in Brief PM Orbán holds talks with Bosch to push research and development agenda Sep 07, 2017 Bosch is Hungary’s largest employer. The company currently employs more than 15,000 Hungarians at plants in Budapest and other cities
News in Brief A job preservation scheme launched by the government has helped keep 907,000 Hungarians in work Sep 05, 2017 Some 554 billion HUF (1.8bn EUR) in tax preferences have helped businesses employ more Hungarians
News in Brief Unemployment hits a record low 4.2 percent in May-July Aug 31, 2017 The jobless rate of 4.2 percent “after a steady decline in the unemployment rate for 61 months, is due to the substantial growth of the economy and the government’s successful employment policy," according to the ministry for National Economy
News in Brief Unemployment among Hungary's youth has decreased by one sixth over 10 years Aug 18, 2017 According to a Eurostat survey published on International Youth Day, the number is attribute to young people aged between 20 and 24 years who are not studying or working
News in Brief Hungary's jobless rate falls to 4.3% and 77,000 more jobs created in a year Jul 27, 2017 The employment rate of people aged 15–64 increased to 68.1 percent. The level of employment was higher among men than among women, and the rate of improvement was also higher for them
News in Brief Prime Minister PM Orbán officially opens new pasta production plant for Balogh Tészta Zrt. in Tiszakécske Jul 14, 2017 PM Orbán talked about how the Hungarian economy and job market is booming. He said that there are hardly any unemployed people in the country, and those who want to work can find jobs
News in Brief Wizz Air expands its business in Budapest creating new jobs Jun 29, 2017 Wizz Air now holds the accolade of being the largest low-cost airline in eastern and central Europe and is going from strength-to-strength
News in Brief Hungary's jobless rate falls to 4.4 percent Jun 28, 2017 The economy ministry said that 500,000 jobs had been added to the private sector since 2010. The jobless rate among 15-24 year-olds has dropped by an annual 3 percentage points, to 10.8 percent
News in Brief Siemens invests 10 billion HUF on expansion in Hungary Jun 21, 2017 Hungary's foreign minister said that the investment was a joint step towards moving the Hungarian economy and Hungarian industry forwards into a new dimension, a digital era based on research and development and innovation
News in Brief Hungary at the forefront of 5G technology Jun 20, 2017 László Parragh, head of the Hungarian Chamber of Commerce, said 5G technology in telecommunications opens new dimensions in economic and industrial development
News in Brief Hungarian government increases 2018 budget to help families, employment and security Jun 12, 2017 The government will allocate an extra 1,000 billion HUF to this year's overall spend, which has been made possible by the country’s recent economic growth
News in Brief IKEA opens largest store in Central and Eastern Europe in Budapest's 23rd district Jun 12, 2017 The 33,500 square-meter facility will be one of the largest in the region, and will create almost 300 new jobs in Hungary
News in Brief Economy at the “highest since the fall of communism” after investments in Hungary rose by an annual 34.1 percent May 31, 2017 “If investment growth is sustained, even if not at such a high pace, the investment rate will also grow, which in turn boosts job creation and helps secure the targeted economic growth rate of 4 percent in 2017 and 2018," Hungary's economy minister said
News in Brief Hungary’s unemployment rate has fallen by 1.3 percent May 26, 2017 The average number of employed people in Hungary is 4.378 million, 84,000 more than this time last year.
News in Brief Full employment seen in several Hungarian counties Apr 07, 2017 Hungary will most certainly be able to meet its promise to the EU to achieve 75 percent employment rate in the 20-64 age group by 2020
News in Brief China's BYD opens new electric bus plant in Komárom Apr 05, 2017 Hungary’s vehicle industry produced goods to a value of 7,874 billion HUF in 2016. Some 92.4 percent of this was for export and the sector employs 155,000 people
News in Brief GlaxoSmithKline to upgrade Gödöllő plant creating new jobs Mar 14, 2017 The British company will increase production on vaccines to cater for the growing demand worldwide, creating 104 new jobs
News in Brief Hungary signs defense agreement with Swiss technology company Mar 02, 2017 RUAG is one of the world’s one hundred most important defense industry companies, and plans to manufacture fuselage elements for its Airbus 320 and Bombardier aircraft at its plant in Eger. The investment will create 180 new jobs. The government is contributing 382 million HUF in non-returnable funding towards the project
News in Brief Hungary’s unemployment rate falls by nearly two percent in just one year Feb 27, 2017 There were 197,600 unemployed in Hungary in November-January, 7,400 fewer than in October-December and 81,600 fewer than in the same period a year earlier
News in Brief Japan is Asia's biggest investor in Hungary Feb 14, 2017 151 Japanese companies employ a total 31,000 people in Hungary, and seven of those businesses have been included in the government’s strategic partnership program
News in Brief BP invests 8 billion HUF in Hungary Sep 27, 2016 Plans for BP's new shared service center will see the employment of 500 highly-qualified people by 2020
News in Brief Samsung SDI invests one hundred billion HUF in Hungary Aug 30, 2016 As FDI has seen a substantial uptick, this investment will further stimulate an already growing economy and create 600 new jobs for local residents