Know what’s going on in Hungary – 26th week in 2020

Whether you are an investor or just a resident of Hungary, it always pays off to know what is going on. Not only could knowing this information impact certain investments and business opportunities, but it could save your life. This is especially true when you are travelling in or around areas that you are unfamiliar with. While Hungary, in general, might be fairly safe, every country or region has its shady areas, and Hungary is no different. That aside, there is always so much going on in Hungary that it can be hard to keep up with it all. Luckily, there are sites like this available to bring you the most compelling and eventful stories.

Sponsored content

Human Trafficking: Growing To Be More Of A Problem

Human trafficking became a real problem and concern for the Hungarian people back in 2001. This was when the area established the first of what is now known as the TIP report (Trafficking in Persons Report). This is an annual report issued by the US State Department’s Office to help monitor and combat human trafficking. This report can be considered one of the world’s most comprehensive resources of global anti-trafficking efforts. Each country is ranked in tiers based on the extent and effectiveness of government efforts to eliminate human trafficking.

There are currently four tier rankings available, with the fourth tier being the most severe.

Tier two and three rankings would mean that the country’s government isn’t meeting the minimum standards in all respects, but is making efforts to do so compared to the previous reports. Unfortunately, it looks like Hungary has been upgraded from tier two to tier three. Last year, there were 81 different cases of human trafficking that were registered by the Hungarian government. This was considered a significant increase at the time, given that there were only 30 victims reports in 2018. The US State Department has said that Hungary is making efforts to combat this growing concern, but there are plenty of inadequacies that can be identified in certain areas. Most of these areas would include areas with high numbers of asylum-seekers and areas where there are lots of children in state-run institutions.

COVID-19 Makes Poor Regions Even Poorer

There is simply no denying that there are a lot of hard-working poor people in Hungary. People that slave away every day and still can’t make ends meet. Unfortunately, most of these people are now without a job, thanks to the COVID-19 virus. It has been reported that even in the poorest of regions of Hungary, the most hard-working employees have lost their jobs because of the pandemic. Unemployment rates are causing severe problems amongst members of the local communities. In Borsod-Abaúj-Zemplén County alone, seventy towns and villages have already asked for financial backing, as they’ve never felt such pressure as they are feeling now.

Currently, the average salary in Hungary is right around 1,046 EUR, but nearly half or more of the population earn below 680 EUR each month.

In the poorest of regions, they even earn less. Regardless of the monthly income, these individuals truly live in unfortunate and tragic conditions. This is mostly in the northern regions where children, young people, one-parent families, and most Romani people have a hard time getting by.

Unfortunately, the unemployment rates are at the highest that they’ve ever been and it just doesn’t look like there are going to be any more opening for opportunities soon.

Perhaps, some individuals could consider taking advantage of online gambling sites like Joker123 to increase their income. At the very least, it would undoubtedly take their mind off the horror that is currently surrounding them.

• These are the poorest regions of Hungary

Budapest To Host Giro d’Italia ‘Grand Start’ Next May?

On a more positive note, it looks like Budapest has been selected and offered the chance to host the coveted Giro d’Italia bicycle race next May. The event was called off for the year 2020 due to the pandemic, but it looks like it is set to resume in May of next year. And, it might just resume in Budapest, should they choose to accept the hosting responsibility. The plans to host the competition in October have been dropped due to the second potential wave of the epidemic. This and the country’s financial abilities will have to be considered before passing a final decision.