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Socialists: Govt ‘Supports Multinationals Instead of Protecting Jobs’

MTI-Hungary Today 2021.01.18.

The opposition Socialists (MSZP) believe the government is “throwing free money” at multinational companies instead of defending workplaces under threat because of the coronavirus crisis, the party’s deputy head said at an online press conference on Sunday.

Imre Komjáthi said capital-strong multinational companies could “dance for joy” last year as the government sent 1,700 billion forints (EUR 4.7bn) of support their way. He calculated those subsidies are equivalent to 130 million forints per workplace at recipients of the subsidies, or 27 years of average earnings.

He said the government should have helped people who lost their jobs or SMEs instead, with measures such as 80 percent wage support.

Unemployment Rises to 4.4% in September-November
Unemployment Rises to 4.4% in September-November

Hungary’s three-month rolling average jobless rate was 4.4 percent in Sept-Nov, rising 0.9 of a percentage point from twelve months earlier, the Central Statistical Office (KSH) said on Tuesday. In monthly comparison, unemployment edged up 0.1 of a percentage point. In absolute terms, there were 203,800 unemployed, 1,600 more than in the previous month and […]Continue reading

“The government could have helped every business in trouble with 425 billion forints in wage support, instead it put just 50 billion forints to this purpose, while generously supporting sport facilities and other investments for show,” he added.

featured photo by Imre Komjáthi’s Facebook page