In a drive to support families amid challenging global conditions, the Hungarian government plans to double the family tax allowance in two stages, maintain tax exemptions for families with four children, mothers under 30, and individuals under 25, and extend…
The majority of the EU tries to alleviate the demographic and labour market challenges by promoting digitalization, increasing the activity of the over-65 age group and pushing back the retirement age, as well as employing foreign workers. Hungary, however, chose…
‘On average, women hold one third of managerial positions in the EU. In Hungary, the figure has been 39–40 per cent since 2010, and although it dropped a little during the COVID-19 pandemic, we are still among the top member…
We have moved from our absolute fertility low in 2011, last in the EU, to sixth in 2022, with the highest growth in 2022. According to the latest Eurostat data, we moved up five places in 2022, the first year…
In 2020 and 2021 both the number of births and the fertility rate increased in Hungary during the COVID-19 pandemic because the poverty and disadvantage of those with children relative to childless people decreased to such an extent that having…
GDP per capita growth has been above the EU-27 average in every year since 2010, so the Hungarian economy has grown faster than the EU average. Our decline in 2020 was also below average, and even below the large decline…
A sustained and substantial improvement in earnings started in 2013 in Hungary. In that year the country managed to repay its previous IMF loan, giving the government more freedom to reform and restructure the tax system, including reducing taxes on…
We use cookies to enhance your browsing experience and to personalize the content and advertisements that you see on our website. AcceptDeclinePrivacy policy