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Hungary's New Government Halts Non-EU Worker Visas
Description
Hungarys new government, led by Prime Minister Peter Magyar, plans to halt visas for non-EU workers, aiming to protect local jobs and maintain wages. This decision comes amidst a tight labor market, with a significant portion of the workforce set to retire soon. Business leaders and investor groups warn that an outright ban could negatively impact key sectors like manufacturing and services, where foreign workers make up a substantial portion of the staff. Despite official numbers showing foreign labor at just two percent of the total workforce, executives point to an untapped pool of around four hundred thousand Hungarians. As the deadline approaches, the economy ministers team faces the challenge of balancing campaign promises with business reality.
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