Restaurants, shops, baths, and cultural institutions close one after the other in Hungary because of the skyrocketing energy prices. That may result in an increasing unemployment rate in the country. Meanwhile, based on the most recent news, Hungary’s minister of finance projects a 20 percent inflation. Furthermore, the budget deficit will remain high, and there will be an economic recession.
RTL Klub said that the labour shortage companies complained about during summer is gone. They attracted workers with exceptionally high salaries in the travel, catering and trade sectors, which boosted inflation. However, high salaries, and utility costs result in shop and restaurant closures, so unemployment rate is increasing in Hungary again.
The inflation rate is higher than the EU’s average in Hungary. Based on Eurostat, it is 18.6 percent annually. However, that is much higher in the case of foods. For example, bread is 65 percent more expensive than last year. That rate is only 20 percent in the European Union.
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Milk and dairy products prices also rose in the last few months in Hungary by 50 percent, while the EU average is only around 20 percent in that case. Experts say that the trend will continue, and until August, food prices may rise by 15 percent.
Official: Half of Hungary’s disabled have jobs
Every second Hungarian with a disability has a job, while 10 years ago only 18 percent worked, an interior ministry official said on Friday. State secretary Attila Fülöp, speaking at a conference of the International Federation of Hard of Hearing People in Budapest, said the government strove to remove obstacles hindering disabled in enjoying the full rights of citizens instead of seeing them as charity cases.
“This requires a secure livelihood, jobs, and as much physical and IT accessibility as possible,” he said. In a letter to the conference, Prime Minister Viktor Orbán wrote: “In recent years, many of us could see what living between barriers means, and now we have a historic chance to convince decision-makers of the importance of treating people with hearing impairments as equals.”
Read alsoHungarian forint reached historical low against USD today
Source: RTL Klub, MTI
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