Friday, February 17, 2017

Population explosion?

Hungary's premier Viktor Orban strongly opposes immigration. His answer to the countries declining population,  CSOK, a housing grant and loan scheme for couples who promise to have babies, a 10 million forints (32,250 euro) grant and 10 million forint low-interest loan deal that the Hungarian government is offering to married couples aged under 40 who commit to raising three children or more.

The outflow of young and educated Hungarians coupled with 26 years of declining birthrates, has started to cause problems. Around half of the firms in Hungary struggle to fill vacancies, according to a report by Manpower Group, placing the country's skills shortage among the most acute in the EU, after Romania, Bulgaria and Greece. Moreover, Hungary has Europe's worst intergenerational social mobility rate, a recent study found

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