News in Brief
Foreign Minister secures hundreds of jobs following Germany visit
The government has signed new investment agreements with Rosenberger and Knaus Tabber. BMW will also use its plant in Debrecen to build electric vehicles.
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FM: Hungary sees all companies willing to invest into preserving jobs as allies
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.
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Government scheme to revive the economy has so far helped save 120,000 jobs
The foreign minister said that 646 companies out of 806 bidders have now received grants totalling HUF 146 billion (EUR 418).
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Operational Group: More than 95,000 jobs have already been saved
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...
News in Brief
Coronavirus Update: Nearly 100,000 jobs saved so far
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
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.
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Government provides HUF 43.5 billion to help disabled people find jobs
Surveys have found that businesses tend to be satisfied with the work of their disabled employees and willingness to employ them is increasing.
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FM: German companies have created over 300,000 jobs in Hungary
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.
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Hungary’s rolling average three-month jobless rate has fallen to 3.7 percent
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
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Indian plastic packaging firm to build new 23 billion HUF (71.5m EUR) plant in Rétság
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
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Ford opens new service center in Budapest
Ford will employ 700 people in Hungary, mostly young professionals with university degrees who speak several languages
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Hungary is first Eastern European country to host the renowned EuroSkills contest
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
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