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Hungary’s government hopes to match last year’s employment figures throughout the year, the head of the Prime Minister’s Office said on Wednesday.

Gergely Gulyás told a regular press briefing that each European Union member country saw economic recession in the first half of this year but the drop in Hungary was below the European average and this trend is expected to strengthen in the future.

Second Quarter GDP Falls 13.6% on Pandemic Impact
Second Quarter GDP Falls 13.6% on Pandemic Impact

Hungary’s GDP fell by an annual 13.6% in the second quarter, impacted by the coronavirus crisis, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. KSH said the crisis impacted services as well as industry. Adjusted for seasonal and workday effects, GDP declined by 13.5%. GDP for the first […]Continue reading

Some 4,460,000 Hungarians held jobs in July, which was 2,600 more than in January but a few tens of thousands behind last July’s figure, he said. At the same time, the number of registered jobseekers has been decreasing since June 15, he added.

Degree-holders and Richer Areas Less Exposed to Unemployment Caused by Covid Crisis
Degree-holders and Richer Areas Less Exposed to Unemployment Caused by Covid Crisis

Unemployment caused by the coronavirus pandemic has hit those without higher-education the hardest, as well as those areas with historical unemployment issues. Degree-holders, and residents of Budapest in general, have proven to be the most ‘impact-resistant,’ according to the latest data from the National Employment Office (NFSZ), reported by 24.hu. According to the NFSZ, from […]Continue reading

The government has already transferred 1,756 billion forints (EUR 5.1bn) to boost the economy, a measure that has obviously contributed to the “remarkable” employment figures.

Featured photo by Zoltán Balogh/MTI