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Economy of Miskolc


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the working people worked in heavy industry.

The economical recession after the end of the Socialist era hit the industrial cities of Northern Hungary the hardest. The unemployment rate rose until it became one of the highest in the country, the population of Miskolc dramatically decreased (not only because of unemployment though, but also due to suburbanization which became prevalent nationwide). The economical situation of the city went through a change, smaller enterprises appeared in place of the large state-owned companies.

By the early 2000s the decade of changes was over, and the city went through the recession successfully. International companies and supermarkets appeared in the area. The local government is trying to strengthen the city's role in culture and tourism. By the end of 2004, the highway M3 had reached the city
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