hungary

Hungary: Social security relief for employers

Submitted by mmarquez on

KMPG (15 March 2020) Modified social security rules are to apply for the period of March-June 2020 for certain sectors—the hospitality and tourism sector; entertainment, film industry, and performing art sector; the sport services sector; the event organization sector; and the gambling section. The changes provide that employers in these sectors will not be liable to pay the employer part of social security contributions (17.5% + 1.5%) with respect to employment income paid to employees for the period March-June 2020.

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hungary
Global challenges
Topics
Health insurance
Contribution collection and compliance

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Hungary: Subsidy to employers for research and development employees

Submitted by mmarquez on

crowe.com (16.04.2020) As part of the economy recovery plan easing the economic issues caused by the COVID-19 outbreak, the Hungarian Government has announced an economy protection plan, with a focus on maintaining research and development jobs. The original regulation was amended by Government Decree 141/2020. (IV. 21.). The subsidy is available from the 16th of April.

Regions / Country
hungary
Global challenges
Topics
Employment

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Hungary: Social security contribution exemption/reduction in response to COVID-19 - KPMG Global

Submitted by siha on

KPMG Global (04.05.2020) Modified social security contribution rules shall be applied for the period of March-June 2020 to the specified sectors (Hospitality and tourism; Entertainment, film industry, performing arts; Sports services; Event organization; Gambling).

Regions / Country
hungary
Global challenges
Topics
Financial crisis
Document Type

Hungary: Economic Protection Action Plan: Job Protection Wage subsidy

Submitted by siha on

Ministry of Innovation and Technology (16.04.2020) From April 16, 2020, the Employment Protection Wage Subsidy will be available to support reduced working hours employment. An employee may receive support on the basis of an application submitted jointly with the employer to the county government office. In the program, the employer undertak

Regions / Country
hungary
Topics
Employment
Shocks & extreme events
Document Type

Hungary: Economic Protection Action Plan: Research, Development and Innovation Subsidies

Submitted by siha on

Ministry of Innovation and Technology (15.04.2020) Highly skilled workers in the research, development and innovation (RDI) sector receive wage subsidies to protect their jobs. An important element of the government's economic action plan for the coronavirus epidemic is the retention of highly qualified professionals in the RDI sector, as this is essential for relaunching the economy: the support available from 15 April businesses. The government undertakes a wage subsidy of 40% for employees in the RDI sector for a period of three months, at the maximum amou

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hungary
Topics
Employment
Human resource management
Shocks & extreme events
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Hungary: Unemployment at record low

Submitted by dfabbri on

ING (29.07.2019) Hungary's unemployment rate has room to improve further but the pace is likely to slow The unemployment rate of the 15–64 age group came in at 3.4% at the end of 1H19, showing a 0.2 percentage point decline in 12 months. While this marks a new record low level, the improvement is marginal. The better-than-expected reading is due to falling unemployment among women while joblessness among men stagnated. This suggests that the potential labour reserve is clearly depleting and even a marginal improvement will be really challenging.

Regions / Country
hungary
Topics
Unemployment