Csaba Kandrács, CEO of the newly formed Hungarian ‘bad bank’ MARK Zrt., explains how his state institution will remove the burden of bad loans from the system, while helping to recoup some value from those loans.
When it comes to software that helps HR managers, creative Hungarians are coming up with a lot of exciting ideas. Three startups based in Hungary are offering software that can assist with recruitment, understanding office communication, or sharing information.
Hungarian law differentiates between “ordinary” employees and executives. The biggest difference is that many provisions of the Hungarian Labour Code which protect “ordinary” employees and restrict what kind of agreement can be made with them do not apply to executives.
If you consider increased hiring as a sign of healthy business, then Hungary is doing fine, according to the people who work at finding workers. We spoke to temporary and permanent recruitment agencies about current growth and their business in general.
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