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Brain drain, black labor destabilize Hungary's job market

Hungary's labor market is unbalanced, suffering strains both from an outflow of young professionals and an influx of cheap foreign labor which encourages black labor, business daily Világgazdaság wrote on Thursday. Researchers, IT professionals and engineers are highly represented among the 158,000 Hungarians seriously toying with the idea of taking up work abroad. According to a recent survey by economic research firm GKI, 15% of those considering leaving Hungary for jobs are graduates and 41% of them are skilled in a vocation. The survey shows that young researchers, typically those who take part in a PhD program abroad, find it difficult to find appropriate jobs in Hungary and prefer to stay in the country where they were educated. On the labor import side, uncontrolled immigration and black labor are the biggest problems mainly in the hotel and catering and retail sectors, where cheap Romanian, Ukrainian and Serbian workforce is on high demand, the paper said.