Wage increases and improved competitiveness could help resolve the labour shortage, daily Magyar Idők said on Monday, adding that statistics show emigration slowed in the first half of 2016. Head of the Hungarian Chamber of Commerce and Industry László Parragh told the paper that the labour shortage resulting from emigration affects not only Hungary but the entire region, and in the long term it could hinder foreign capital investment. Parragh said the first task to resolve the situation is to reform the educational system, including vocational training. More emphasis needed to be placed on adult training because it could also help fostered workers find jobs in the labour market. He said Hungarian workers are well-trained and competitive. Parragh said 31,000 people moved abroad but 30,000 people moving back to Hungary in the first half of this year. Business daily Világgazdaság said on Monday that Hungarians working abroad transferred home more than 1000 billion forints last year, a record high and a 100 billion forint increase on 2014.
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