Black labor market keeps expanding

Competition

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers grew by 5% between 2016 and 2017, business news portal vg.hu reports.

According to data released by the Ministry for National Economy, checks conducted revealed that 17.11% of employees were hired illegally in 2017, while in 2016 this was only 12.73%. The rate is extremely high in the construction industry, where 47% were not registered last year, compared to 42% in 2016, vg.hu reports.

Black market labor is somewhat less prevalent in agriculture, where one third of employees checked were found to be working illegally last year. Security and services saw 22% illegal workers in 2017, slightly up on 21% in 2016, while the hospitality industry hired 19%  illegally in 2017, up from 16% in 2016.

As for those legally hired, the most common irregularity is the omission of registration with the authorities, the ministry said.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AI may Save Hungarian Healthcare, Says Leading Doctor Science

AI may Save Hungarian Healthcare, Says Leading Doctor

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.