Viktor Orbán and the Hungarian Economy
The Hungarian economy has a lot going for it, but can it handle a big budget deficit and high inflation?
The Hungarian economy has a lot going for it, but can it handle a big budget deficit and high inflation?
Twenty years ago, Central Europe had the lowest birth rate in the EU. The region has seen the greatest improvement in recent years. At the same time, female employment is also at its peak, the at-risk-of-poverty rate is much lower, and real earnings are rising steadily.
If government size and employment rate had been the same in 2022 as they were in 2000, the cost of today’s government would have been $47,000 per employed person. That is a lot of money—until we do the same arithmetic with today’s government size and employment rate. Then the cost comes out to $59,700.
A new law in Spain will grant priority to persons identifying as LGBTQI in accessing employment programs.
The mass exodus of men returning to fight against the Russian invasion has left industries in Central Europe in a labour lurch.
“This allows foreign nationals to enter Portuguese territory who have come looking for work for a period of 120 days, extended to another 60 days, for a total of 180 days,” Minister of Parliamentary Affairs Ana Catarina Mendes clarified.
Why endure work routine, long commutes, and hated bosses if one has an opportunity to sit back and enjoy even larger payments from the government? Not only is it simple, but it is also often more profitable.
The actual employment rates for young workers varies drastically across the EU. On average, the 27 member-state European Union had a 73.6% employment rate for the young workforce. The euro zone averaged 73.1%.
It is easy to see why short-term jobs are conquering the market. They allow people to experience the freedom and moral comfort of a small business, something far more traditional than any nine-to-five job. They are also the natural response to our age of the internet and globalisation, ever-changing circumstances, and the over-bureaucratised corporate cultures.
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