ADVERTISEMENT

Robots could take 730,000 jobs in Hungary

Conferences

Photo by PopTika/Shutterstock.com

An analysis by the Economic and Business Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry has noted that a significant number of Hungarian workers are employed in areas where most of the tasks could be performed by machines. 

Photo by PopTika/Shutterstock.com

"The pace of automation in Central and Eastern Europe is estimated to be above the European average in the near future, so labor market effects are expected to be felt in our region as well, " says GVI.

In the analysis, programmable tasks were considered to be automated tasks. The research points out that automation does not lead to the disappearance of the professions concerned, since in most jobs only part of the tasks can be automated.

Based on employment data from NAV (the National Tax and Customs Administration of Hungary), it was also determined how many Hungarians work in automatable professions.

"According to 2018 data, out of 3,743,689 employees, 164,496 are employed in automated professions, and another 567,313 are employed in professions where most of their sub-tasks are automated," the GVI study found.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.