The scheme, which will include support for wages, rent and commuting costs, as well as for training, could help around 84,000 young Hungarians find work in 2024-2029. Between 60,000 and 70,000 of those could get wage support and 25,000-30,000 could participate in the training pillar of the scheme, he added.
The program will offer to cover half of employers' payroll costs for new hires under 30 for up to six months. It will make up to HUF 180,000 available for rent support for potential hires who live more than 60 km away from work. New hires who opt to commute could get HUF 10,000 in support for every 10km they need to travel to work.
Czomba noted that around 23,500 Hungarians under the age of 25 were registered job-seekers. He added that the activity rate for Hungarians under 30 was around 10 percentage points under the EU average for the age group.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
