Hungarian Ministry of Economy to prepare new job-boosting measures

Budapest (MTI) – The Ministry of Economy is working on new measures to boost the economy and create jobs, Economy Minister Mihály Varga said in an interview published in daily Magyar Idők on Saturday.

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The aim is for Hungary’s economy to reach 3-5 percent growth in the coming years, which will require efforts to reduce unemployment from the current 5 to 3 percent, Varga said. In tandem measures to reduce the labour shortage including retraining programmes will be needed. To meet this aim, industries which can offer a breakthrough like pharmaceuticals, chemicals, green energy and tourism must be developed. “Employment can be as good as 100 percent in the end,” he said.

The measures will be drafted by September, to be followed by submission to the government and parliament, if necessary, Varga told the paper.

Source: MTI