BBJ HUF 1250 | €10 | $15 | £7.5
VOL. 20, NUMBER 15
I JULY 27, 2012 – AUG 09, 2012
Budapest Business Journal
22.7 % YOUTH JOBLESS RATE IN THE EU IN MAY
HUNGARY’S PRACTICAL BUSINESS BI-WEEKLY SINCE 1992 | WWW.BBJ.HU
NEXT JOB 3,500 km
Proposals by the EU to boost employment among the youth sound enticing enough, but the question is when they will have an impact. Time is pressing: generation Y has no time to waste. PAGES 10-11
ECONOMY
SPECIAL REPORT
SPECIAL REPORT
Budget 2013
Ironing out the wrinkles
MAL - the afterlife of a disaster
Parliament voted in favor of the key numbers of next year’s budget, but analysts say they are not based on accurate forecasts about next year’s economic indicators, and some of the estimated revenues are not backed up with facts. PAGE 07
After hitting rock bottom some four years ago, things are finally beginning to look better for the metalworking industry. In parallel with the signs of recovery, changes in the structure of the sector’s customers is becoming increasingly tangible. PAGES 16
Toxic red sludge broke through a reservoir wall of aluminum company MAL in October 2010. Hungary’s worst man-made ecological disaster resulted in noteworthy legal solutions regarding the company’s management and its future. PAGES 18-19