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Finance Ministry projects jobless rate of 6.5 % in 2005

The Finance Ministry projected Hungary's rate of unemployment to be 6.5% in 2005, 0.4 percentage points more than in 2004, business daily Napi Gazdaság reported. The ministry predicts employment levels in terms of the active population could improve by half a percentage point, or stay the same this year. Hungary lags behind in the region in terms of costs of labour and its loss of position in terms of competitiveness is considerable as well, the Finance Ministry report said.