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MCC‘s Youth ‘23 Report: Loneliness and Purposelessness Affect Young Hungarians

According to the study, 15 per cent of young Hungarians frequently experience feelings of isolation, which is of concern as chronic loneliness not only has psychological ramifications but, in certain cases, also entails physical consequences. The report highlights that 41…

Shifts in Employment Patterns: Hungary’s Workforce Statistics for November

The Central Statistical Office released its data for the month of November 2023. The press release pointed out that the number of employed individuals reached 4,736,000 in Hungary….

The ‘Hungarian Model’ — Guest Workers Come, Work, and Go Home

The new Hungarian draft law laying down general rules on the entry and residence of third-country nationals is an unprecedentedly strict piece of legislation, not only in Europe but also globally, to regulate the employment of workers from outside the…
Border,Between,Serbia,And,Croatia,,3,Nov,2015:,Group,Of

Government Submits New Alien Policing Bill to Parliament in Response to Mass Migration

If the draft law is adopted, guest workers in Hungary will be employable only under the strictest rules, and foreigners will be allowed to work in Hungary only if no Hungarian workers are available for the vacancies they seek to…

Director General of Hungarian National Museum Dismissed for Failing to Comply with Legal Obligations

Minister of Culture and Innovation János Csák terminated the employment of National Museum Director General László L. Simon on Monday. The director general’s downfall was caused by his inadequate addressing of the LGBTQ-related controversy around the World Press Photo exhibit…

Privatization of MÁV Vagon: A Major Transformation in Hungary’s Railway Vehicle Industry

Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary….

KSH: Inflation Dropped Significantly in September

Inflation fell for the eighth month in a row after peaking at 25.7 per cent in January. Food prices rose by 15.2 per cent in September, after a 19.5 per cent increase in the previous month….
President Katalin Novák with children in Budapest’s City Park at a fringe event of the 5th Budapest Demographic Summit on 16 September 2023.

2022 Census Reveals Some Positive Demographic Shifts, But an Aging Population

The data demonstrates an increase in both marriages and the proportion of those with children among people under 30, while at the same time shows an overall aging trend in Hungarian society….

Hungary Strengthens Its Economy with Defence Industry Investments

‘Big companies are coming to Hungary with R&D budgets that are significant in themselves. Rheinmetall, for one, is the twenty-fourth largest company in the world’, Hungarian Ministerial Commissioner Imre Porkoláb underlined in a recent interview….

Wages in Hungary Increased Significantly Compared to Last Year, Real Wages Decreased Due to Inflation

The gross average earnings were 16.0 per cent higher, and the net average earnings were 15.9 per cent higher compared to the same period last year, as reported by the Central Statistical Office (KSH) on Thursday….

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