Hungary to expand programs for fostered workers

Initiatives

The Hungarian government is planning to launch new programs to expand employment in the country, Péter Cseresnyés, state secretary of the National Economy Ministry, told Hungarian daily Magyar Idők today.

The state secretary said that the government is drafting a decree that would allow the advance payout of subsidies for fostered workers who find market-based employment before their public work program contracts expire. Fostered workers are employed by the government and paid less than minimum wage to work at jobs such as street sweepers or metro ticket takers.

In addition to revising the system of vocational training to suit the needs of the labor market, Cseresnyés said that the most important aspect is to provide support for job placement at businesses and create incentives for job creation. As a result, the Hungarian government is launching new training programs.

These programs, which will focus on putting fostered workers in market jobs and reducing unemployment among youth, according to the state secretary, are being funded by the European Union and the Hungarian state.

The state secretary said that the vocational education system must be restructured and become operational by the next academic year as a first step. Cseresnyés said that greater emphasis will be placed on adult education, in particular by making training for a second profession free of charge.

MNB Business Confidence Index Slips in March MNB

MNB Business Confidence Index Slips in March

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Richter Shareholders Approve HUF 423/Share Dividend Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.