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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….
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….

85 Per Cent Labour Force Participation Rate Achievable in Hungary, Minister Says

At an informal meeting of the ministers of EU Member States responsible for employment and social policy in Budapest, Minister for National Economy Márton Nagy of Hungary stated that even an 85-per-cent work force participation rate is achievable in Hungary…
Young mothers wait to weigh their children on 14 February 2018, at the maternity centre in Boali, which has no running water, and only one doctor. In Central Africa, one in 24 children dies during its first month of life, the second worst neonatal death rate in the world, according to a report released by UNICEF

Africa’s Demographic Challenges

‘The main reason why Africa has barely been affected by the demographic transition is to be found in its historical circumstances. The continent only joined the capitalist world system in the mid-to-late nineteenth century—the latest of all the important global…
Growing employment illustration, Pixabay

Historic July Low in Unemployment Figures Since Transition to Market Economy

To increase employment and mobilize the nearly 300,000 strong domestic labour market reserve, the government is continually working to ensure that everyone who can and wants to work has the opportunity to do so….
Two families by Mihály Munkácsy (1877). Private Collection

Results of Hungary’s Family Policy over the Past Thirteen Years

The fact that our measures have a good reputation internationally, and the Hungarian model serves as a model for several countries, is a reason for confidence. Many people are interested in Hungarian solutions, both inside and outside Europe, and even…
The central building of Budapest Metropolitan University

Budapest University Launches AI Training Programme for Business and Finance

Starting September 2024, Budapest Metropolitan University will offer a specialized programme focusing on the main areas of AI applications in business and finance. The course has been designed not only based on specific IT and data analysis fundamentals but also…
Illustration by Hungarian Conservative

Revealing the Facts: A Brief History of Employment in Hungary

In the second part of our series looking at important facts concerning the Hungarian economy and society, our authors shed light on how the Orbán governments have managed to achieve a spectacular turnaround in terms of employment after 2010….
A tent encampment of migrants in Brussels, Belgium on 18 December 2022.

Are We Hypocrites about Migrants? No, We Are Not!

‘We believe that the Hungarian model is the right one, whereby asylum applications must be made outside the EU and refugees are only allowed to come after proper checks have been carried out. This is so because the Hungarian government…

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