Record-breaking investment, wages up, unemployment down

Labeled the black sheep of Europe a few years ago, with an economy that required IMF emergency bailout, Hungary’s economic success story continues to yield record-breaking numbers. Here’s a brief...


Unemployment in Hungary hits a new record low

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.

Feb 5, 2018 - Zoltán Kovács

People need work not welfare checks to escape poverty

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.

Jan 4, 2018 - Zoltán Kovács