labour market

09/02/2017

Weekly government press briefing: Metro fraud, abortions, fostered workers and migration

Budapest, February 9 (MTI) – János Lázár, the government office chief, has called Budapest’s metro 4 construction “the gravest corruption case” in the past few decades. […]
06/02/2017

Hungary tops up police funding to make more hires

Budapest, February 6 (MTI) – The government has mandated the reallocation of 55.8 billion forints (EUR 180m) in this year’s budget to finance 3,000 new hires […]
06/02/2017

Opposition to submit amendment to promote employee freedom of expression

Budapest, February 6 (MTI) – The opposition LMP party will submit an amendment to the labour code to ensure employees the right of expressing their opinion, […]
03/02/2017

ThyssenKrupp to build new plant in Debrecen

Budapest, February 3 (MTI) – Germany’s ThyssenKrupp Springs and Stabilizers will build a new plant through investment of 35 million euros in Debrecen (E Hungary), creating […]
30/01/2017

Hungary jobless rate falls to 4.4 pc

Budapest, January 30 (MTI) – Hungary’s rolling average three-month jobless rate reached 4.4 percent in October-December, dropping from 4.5 percent in the previous period and 6.2 […]
26/01/2017

Bosch’s North Hungary logistics centre to create 250 jobs

Budapest, January 26 (MTI) – German engineering giant Bosch is moving its central and eastern European regional logistics centre to Hatvan, in northern Hungary, from 2018, […]
25/01/2017

BlackRock’s Budapest innovation centre to create 500 jobs

Budapest, January 25 (MTI) – US-based investment management company BlackRock is setting up an innovation centre in Budapest, creating 500 jobs, Péter Szijjártó, the minister of […]
20/01/2017

Hungary universities sign dual training pact

Budapest, January 20 (MTI) – Four Hungarian universities on Friday signed a dual training agreement allowing food industry engineering and mechanical engineering students to gain work […]
20/01/2017

Hungary gross wages climb, 200,000 Hungarians in fostered work

Budapest, January 20 (MTI) – The average gross wage in Hungary rose by an annual 8.2 percent to 285,800 forints (EUR 926 ) in November, the […]
11/01/2017

Hungarian government in talks on 30 new German investment projects

Berlin, January 11 (MTI) – Talks on 30 new German investment projects in Hungary that could create 8,000 jobs are ongoing, Péter Szijjártó, the foreign affairs […]
11/01/2017

Labour shortage at Hungarian public transportation

According to 444.hu, shortage of tram drivers to be a growing concern at Budapest Transport Plc. (BKV), and the Hungarian State Railways (MÁV) also have to face […]
10/01/2017

Most Hungarians expect having to work in retirement

Budapest, January 10 (MTI) – Fully 69 percent of Hungarians surveyed by K and H Bank said they expected to work after they retire. The report […]
09/01/2017

Hungary Trends – The previous week in business and finance

Budapest (MTI) – See below MTI’s main business and financial news from the previous week: HUNGARY PMI FALLS TO 52.2 IN DECEMBER Hungary’s seasonally-adjusted Purchasing Managers […]
05/01/2017

Vona slams Fidesz for rejecting Jobbik’s wage demand

Budapest, January 5 (MTI) – Opposition Jobbik leader Gábor Vona has lambasted ruling Fidesz for rejecting Jobbik’s call to raise Hungary’s wages to the level of the […]
05/01/2017

Hungary jobless rate falls to 4.5 pc

Budapest, January 5 (MTI) – Hungary’s rolling average three-month jobless rate reached 4.5 percent in September-November, dropping from 4.7 percent in the previous month and 6.2 […]
04/01/2017

LMP calls on govt to treat SMEs as strategic partners – UPDATE

Budapest, January 4 (MTI) – The opposition LMP party has called on the government to treat small and medium-sized enterprises (SME) as strategic partners rather than […]
04/01/2017

Four-fifths of companies report shortage of skilled workers

Budapest (MTI) – Some 81 percent of companies in Hungary suffer from a shortage of skilled workers and one-fifth are unable to hire enough workers with […]
01/01/2017

Legal changes taking effect on Jan. 1 in Hungary

Budapest, January 1 (MTI) – Hungary faces several legal changes as of Jan. 1, 2017, including a drop in the bank levy, whose upper bracket will […]
27/12/2016

Acute Hungarian labor shortage: number of people missing counted

As privátbankár.hu reports, the shortage of workers is a developing problem in Hungary. According to the estimations, the Hungarian corporations could employ 340,000 more people. What […]
23/12/2016

National Bank of Hungary raises projections for household consumption, investments

Budapest (MTI) – The National Bank of Hungary (NBH) raised markedly its projections for both household consumption and investments next year in a quarterly report released […]