Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s

Government

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National Economy Minister Márton Nagy announced the launch, from May 16, of HUF 150 billion in subsidies to bring Hungarians over the age of 30 back to the labor force at a press conference on Wednesday, according to a report by state news wire MTI.

The program is expected to support the placement of at least 77,000 people in jobs, including 50,000 or more disadvantaged Hungarians, Nagy said. The government aims to tap Hungary's 300,000-strong labor market reserve, he added.

The European Union-funded scheme targets jobseekers and inactive Hungarians over 30 with subsidies for wages, the cost of commuting or accommodations, and training.

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