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Official: Job program encouraged 110,000 hires

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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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