Florarozsa

The Order of Merit of Hungary (civilian) was handed over to Imre Palkovics, President of the National Confederation of Workers’ Councils by Mihály Varga, Minister of National Economy on behalf of János Áder, President of Hungary on the occasion of Hungary’s greatest national holiday, 20th of August.

The gradual decrease of contributions could solve part of the domestic employment problems. The Ministry for National Economy is currently examining when and to what extent social contributions can be decreased, declared Mihály Varga, Minister for National Economy in an interview with Magyar Idők (Hungarian Times).

According to industrial actors interviewed by Magyar Idők (Hungarian Times) newspaper, the severe shortage of labour will probably lead to a limited amount of wage increase but the problem can only be solved by urgent and dedicated governmental measures, adjustment programmes and new wage and contribution policies. Several companies are ready to recruit foreign workers while others halt their investments. Basic services are also jeopardised by the lack of human capital.

According to Imre Palkovics, president of Workers’ Councils, much higher wages could be paid in several sectors where there are substantial reserves available.