News in Brief
Number of registered job-seekers dropped to lowest number since 1989 in June
The government continues working to mobilize a labor potential of 300,000, and increase employment in the 20-64 age group from the current 81 to 85%.
Labor market
L
News in Brief
Government launches job scheme for Hungarians over the age of 30
The program is expected to support the placement of at least 77,000 people in jobs, including 50,000 or more disadvantaged Hungarians.
News in Brief
KSH: Hungary’s jobless rate was 4.6% in February
The employment rate for the 15-74 age group was 64.7% in February, up from 64.4% in January.
News in Brief
Minister of National Economy holds talks with EU jobs commissioner
Márton Nagy briefed the commissioner on the situation in the Hungarian labor market and key employment policy issues.
News in Brief
State Secretary: Foreign workers will only be allowed to enter Hungary under strict conditions
Sándor Czomba said vacant positions would be filled primarily by Hungarians and nationals of EU countries, while job seekers from neighboring countries, Ukraine and Serbia, would be employed only when no Hungarians had been found.
News in Brief
OECD says Hungary's economic development will remain strong in the coming years
The OECD expects a GDP growth of 3.9 percent this year and 3.3 percent in 2020, compared with a 4.6 percent growth in 2018
News in Brief
The labor market must improve for Hungary to sustain healthy economic growth, says official
Péter Benő Banai, a finance ministry state secretary, said labor market constraints must be removed in order to ensure sustainable annual economic growth of around 4 percent
News in Brief
Study finds a large percentage of Hungarians are over qualified for their jobs
An online survey by profession.hu found that about 44 percent of workers are not employed in the field where they have their highest qualification and a further 44 percent are actively thinking about changing jobs
News in Brief
Study finds that 30 percent of employees in Hungary have flexible working hours
In Hungary, 74 percent still work in traditional settings while 30 percent have experienced a shift towards flexible work
Blog
These latest numbers say the “labor force boomerang” is real
Detractors have claimed that Hungarians have been leaving the country in droves under the Orbán Government. The numbers, however, tell a different story.
News in Brief
Hungary aims to become leading research and development hub
Hungary plans to foster the region’s best investment environment by creating the most efficient way to link production through digitization
Prime Minister
PM Orbán: International organizations posing as civic groups ended up “murdering" Hungary's Olympic dream
The campaign to collect signatures for a planned referendum on whether Budapest should host the 2024 summer Olympics ended up “murdering a dream”
News in Brief
The European Commission praises Hungary's 'solid' economic performance
In the 2017 Country Report, the EC said Hungary had made “some progress” in reducing the tax wedge for low-income earners and facilitating the transition of fostered workers to the primary labor market