Official: Job program encouraged 110,000 hires
Hungarian companies have saved HUF 170 bln thanks to the government’s job protection plan, Hungarian Magyar Nemzet reported today. Businesses get tax rebates if they hire long-term unemployed, youth or staff close to retirement age.
The job protection plan was launched two years ago. As a result, companies have hired an additional 110,000 staff between December 2013 and May 2014, said Zoltán Pankucsi, State secretary at the National Economy Ministry.
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