ADVERTISEMENT

Official: Job program encouraged 110,000 hires

Sights

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.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.