More adult Hungarians must work

Banking

Economy and Development Minister Gordon Bajnai said at a press conference, following a meeting with representatives of foreign chambers of commerce on Monday, that a greater proportion than the current one-half of Hungary’s adult population must be actively employed if the country’s economy is to begin growing at a faster pace again.

Bajnai said at the press conference that labor taxes and bureaucracy-related expenses must be reduced, the work-incentive system restructured and the tax system revamped in order to spur employment. Bajnai added that Hungary’s education system must also be restructured in order to meet the demands of employers. Hungary should aim to achieve steady economic growth of around 5% annually, or at least 2% above the annual EU-average, Bajnai said. (MTI-Econews)

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