According to the new framework, HUF 50 billion (EUR 153,6 million) will be allocated to transform the vocational training system, to reeducate 5,000 corporate specialists, and to provide scholarships for 15,000 students.
This transformation into a new, fundamentally demand-driven model starting on September 1, 2020 is essential since Hungary’s competitiveness depends on it.
According to the plan, a total of HUF 150-200 billion (EUR 460,7-614,3 million) will be spent on developing the vocational training system by 2022; the strategy includes the renewal and modernization of the infrastructure background, an increase in the wages of the vocational trainers and the renewal of the scholarship system. Additionally, a labor market forecasting system would be established and student employment contracts would be introduced.
László Parragh, President of the Hungarian Chamber of Commerce and Industry, said that the Chamber launched a series of consultations to help SMEs. He continued that one of the main goals is to raise the wages of skilled workers and keep them at home, adding that today the Hungarian workforce is one of the most skilled with the best working cultures in the world.
Parragh also emphasized that the reduction of EU funds is not a problem, since the Hungarian economy has significant internal reserves.