Budapest Business Journal

Page 1

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.