MGYOSZ presses for better targeted investment support

Trade

shutterstock

The deputy head of Hungarian business association MGYOSZ has said state and EU funding for corporate investments ought to be targeted at projects that boost efficiency, rather than those that create jobs in an already tight labor market.

Reducing demand for labor in today’s tight market can be accomplished by boosting productivity and efficiency, MGYOSZ Deputy Chairman Ferenc Rolek said in an interview with business daily Világgazdaság.

"There needs to be a far more differentiated investment support policy. One has to see that more workplaces are really not necessary because there isn’t the manpower to fill them," he said.

"State and EU monies should support the creation of workplaces only in those branches of the economy where headcounts are relatively small, but where value added is high," he added.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt 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.