Hungary to draft new plan to support growth, job creation.

By bne IntelliNews June 25, 2012
Hungarys economy ministry will draft soon a new programme to promote growth and job creation in the country, reported, quoting economy minister Gyorgy Matolcsy. The programme, which will be based on the governments economic development strategy, will boost job creation in small and medium-sized enterprises. Taxes on labour would be reduced for those employee groups for which the rate of employment is much lower than the EU average, Matolcsy said without further elaborating. Hungarys cabinet expects the employment growth to accelerate to 2.2% y/y in 2013 from 1.2% y/y in 2012, according to the macroeconomic framework of the 2013 state budget draft.
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