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employment

Worker hands in protective gloves grinding with electric wheel on metal.

Hungary’s Employment Rate Rises as EU Trends Lag Behind

Hungary’s labour market continues to show remarkable strength, surpassing the European Union average in employment rates. In the final quarter of 2024 Hungary ranked sixth in employment among both men and women, reflecting consistent growth since the country’s employment turnaround…

Minister for National Economy: 2025 Is Hungary’s Economic Breakthrough Year

Hungary is on the brink of an economic breakthrough, with at least eight key indicators pointing to a positive shift, according to Minister for National Economy Márton Nagy. Speaking at the Companies for the Future Award gala in Budapest, he…

Hungary Declares War on Globalist ‘Empire’ —Orbán’s State of the Nation Takeaways

Hungarian Magnitsky Act, the appointment of a special envoy to Washington to collect evidence of USAID’s meddling in Hungary, and Europe’s largest tax cut—these are just a few of the vast initiatives Viktor Orbán announced in his annual State of…
wage increase

Hungary’s Minimum Wage to Rise over 40 per cent in Three Years

Hungary’s minimum wage and guaranteed skilled labour wage have increased, directly impacting around one million workers and influencing wages across multiple sectors. The government has outlined a long-term plan for continued wage growth, ensuring a cumulative increase of over 40…

Government Action Spurs Wage Increases and Economic Optimism

In October 2024 Hungary saw a surge in wages, with the average gross income rising by nearly 13 per cent compared to last year. This growth, coupled with low inflation, marks the 14th consecutive month of significant real wage increases….

Survey Reveals Hungarian Optimism Regarding AI-Induced Changes in Workforce

A recent survey by BNP Paribas Cardif and Medián reveals that most Hungarians view artificial intelligence (AI) as a tool to improve work efficiency. While workforce changes are anticipated in the near future, optimism prevails among employees about AI’s impact….

Fitch Ratings Confirms Hungary’s Economic Stability with Upgraded Outlook

Hungary’s creditworthiness received a boost as Fitch Ratings upgraded its outlook on Hungary’s IDR from negative to stable, and reaffirmed the country’s investment-grade rate. This aligns with Moody’s and S&P’s recent positive evaluations, reflecting strong investor confidence and robust economic…
Worker (illustration, Pixabay)

Hungary’s Employment Rate Remains High as Government Implements Historic Wage Agreement

Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market….

Minister of State Sándor Czomba Talks European Competitiveness

At an informal meeting of the ministers of EU Member States responsible for employment and social policy in Budapest, Hungary, Minister of State Sándor Czomba said that increasing the competitiveness of the European Union is ‘the most important challenge’ of…
European Commission President Ursula von der Leyen celebrates after she was re-elected for a second term at The European Parliament in Strasbourg, eastern France on 18 July 2024.

Political Priorities for the New European Commission

Ursula von der Leyen’s Europe’s Choice programme will be the working document on the basis of which the Commissioners designate will receive their portfolios and, when they take office, the mandate in which the Commission President will set out their…

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