Tag: labour market

Number of restaurants dwindling, remaining doing well

Around 40,000 people are working in Budapest's restaurants

Hungary gross wages 13.6 pc in September

The average gross wage in Hungary rose by an annual 13.6 percent to EUR 940

Ministry confirms HUF 1,418.2 billion deficit at the end of October

"The government's fiscal policy continues to be characterised by predictability and stability,"

Labour shortage critical in Hungary

Hungary is struggling hard with labour shortage. Especially public traffic and public service companies are in trouble. A solution could be wage union.

Budapest ranked as 12th most knowledge-intensive capital in Europe

Hungary is doing well in the area of creative professions and IT

Viktor Orbán: Hungarian model working

Orbán explained that the Hungarian model rested on three "pillars"...

IT experts needed in Hungary

There is great need for IT experts in Hungary, and English is much more important for them than maths though higher education concentrates on the latter.

Market boom in household energy efficiency?

Household energy efficiency could become a 1,200 billions HUF (EUR 3.84 billions) worth market in Hungary that could help small businesses.

No shop assistants in Hungary

Labour shortage in Hungary has a brutal effect on businesses, since even the biggest companies cannot find shop assistants despite higher wages.

Hungary’s health care devastated

Hungary's devastated health care is at the bottom of OECD's lists regarding life expectancy and health care expenses per capita.

Opposition parties vow to oust Orbán government

The Orbán government has over the past seven years kept wages low, destroyed education and health care and sunk deep in corruption - said Bernadett Szél, the prime ministerial candidate of LMP

Fitch confirms Hungary’s economic achievements

Fitch Ratings revised the outlook on Hungary's Issuer Default Ratings to 'positive' from 'stable'

Billions of Hungarian forints spent on alcohol

Would you have thought we spend so much on alcohol?

Top court annuls rule requiring public workers to keep areas around homes tidy

The court said the rule was discriminative and reached into a person's private affairs to an unreasonable extent

Retail sales climb 5.4 pc in September

The trend was driven by the growth of net wages and the growing confidence index.

International companies operating in Hungary tend to have long-term plans for the country

"More than two-thirds of some one hundred companies surveyed said that their current business situation was good"

Hungary-Portugal venture capital fund set to launch

40 percent of the capital generated by the fund should be invested in Hungary