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Economic development minister meets Continental executives budapesttimes.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from budapesttimes.hu Daily Mail and Mail on Sunday newspapers.
Remember me? With fast recovery, labour shortage haunts Eastern Europe Central Europe’s economies are recovering more quickly than expected from the coronavirus pandemic and industrial output is rising, but a chronic shortage of workers that pre-dates the crisis could be a bottleneck to future growth. The labour squeeze caused by years of emigration to Western Europe and an economic boom across the region is already pushing up wages and inflation, prompting the Hungarian and Czech central banks to flag possible interest rate hikes. As investment and European Union funds flow in, companies across the manufacturing, information technology and construction sectors are jostling to attract employees. ....