News in Brief Hungary tops Europe with highest real wage growth projection for 2018 Apr 26, 2019 According to Factsmaps.com, Hungary’s real wage growth projection for 2018 stands at a whopping 4.9 percent
News in Brief Average Hungarian wage now stands at 341,719 HUF per month Aug 23, 2018 According to official data, gross wage growth has been lifted by an agreement on minimum wage increases as well as a labor shortage
News in Brief Net earnings have increased by 51 percent over the past six years Jul 23, 2018 Real earnings have been rising steadily for 65 months thanks to public sector wage hikes, rising labor demand in the private sector and the six-year wage agreement
News in Brief The government to increase public sector wages next year Jul 19, 2018 Some 750,000 more people hold jobs than eight years ago and the unemployment rate is at a historic low of 3.7 percent
News in Brief Economy Ministry: Working in Hungary is becoming “increasingly worthwhile” thanks to tax cuts and pay rises May 02, 2018 Hungary’s GDP growth rate of above 4 percent suggests that wages are likely to grow in the coming period, leading to increased employment and a continued rise in living standards
News in Brief Hungary’s average monthly wage grew by an annual 13.8 percent to 310,800 HUF (1,000 EUR) in January Mar 21, 2018 Mihály Varga, minister for National Economy, said that wages had risen for 61 consecutive months over the past five years, and the trend was likely to continue in the coming months
Blog Real wages up, unemployment down: Ever wonder what a workfare society looks like? Feb 27, 2018 - Zoltán Kovács “[W]e can now say that not only do we have jobs,” Prime Minister Viktor Orbán said, “but it is financially worth our while to do our jobs.”
News in Brief Hungary’s wages are expected to grow by 8-10 percent in 2018 Dec 29, 2017 Piroska Szalai, the head of the Budapest Business Development Foundation, also a consultant for the economy ministry, told Magyar Idők that Hungary’s economy is improving
News in Brief Hungary’s average wage rose by an annual 12.8 percent in October Dec 22, 2017 Hungary's wages have been boosted by a higher minimum wage as well as pay increases for social services and healthcare workers and some state employees
News in Brief Minister's year-end review: Unemployment and taxes down, wages up, and government will continue to fight the 'Soros plan' Dec 13, 2017 The government has created 700,000 new jobs, increased the minimum wage from 73,500 HUF in 2010 to 127,500 HUF today, and is fighting the migrant crisis for all of Europe
Blog Hungary's record-breaking employment rate [VIDEO] Dec 12, 2017 Since the fall of communism, Hungary's employment rate has never been as high as it is now.
News in Brief Hungary will see significant pay rises in healthcare and education between 2018-2022 Nov 27, 2017 The Hungarian government is also planning very significant digital and transport infrastructure developments
News in Brief Hungary's average wage reaches nearly 1,000 euros a month Nov 23, 2017 According to official figures released by the Central Statistical Office (KSH), the average gross wage rose by an annual 13.6 percent to 292,944 HUF (940 EUR) in September
Blog The Hungarian model is working – lowest unemployment since 1989 Oct 31, 2017 - Zoltán Kovács With record-low unemployment, steadily increasing wages and other rock-solid indicators, the Hungarian economy is healthier than it’s been in years. The economic performance of Central Europe has become the driving force for growth in the EU, but that’s not the only reason why Hungarians can now be proud of their achievements over the course of the last seven years.
News in Brief Hungary's average gross monthly wage grew by a phenomenal 14.6 percent annually Jun 21, 2017 Mihály Varga, minister for National Economy, said that real wages have been successively rising in Hungary for the past 52 months in every major sector
News in Brief Hungary's retail sales increase by 3.5% in April Jun 07, 2017 Hungary's retail sales have increased for the 46th consecutive month, according to new figures released by the Hungarian Central Statistical Office (KSH)
News in Brief Hungary's wages rise by 10.7 percent in just one year Apr 21, 2017 Hungary's monthly average gross wage rose by an annual 10.7 percent to 274,800 HUF (890 EUR) in February, the Central Statistical Office said
News in Brief Hungarian government to fight "tooth and nail" for tax reductions Jan 18, 2017 Tax reductions will create the conditions for higher salaries in the private sector, to match the already evident rises seen in the public sector
News in Brief Hungary's wages are up by 6.7 percent Nov 22, 2016 The news comes amid the Hungarian government's announcement today that they will raise the minimum wage and cut payroll taxes to attract workers to Hungary
News in Brief Hungarian wages are up by 7.5 percent from last year Oct 19, 2016 In the first eight months of 2016, wages in real terms increased by 7.5 percent year-on-year
News in Brief Hungarian wages are up for the 39th consecutive month May 20, 2016 Wages have grown by 7.4 percent year-on-year, according to latest figures
News in Brief Real wages up 7 per cent year-on-year Apr 20, 2016 Real wages rose significantly, climbing 6.9 percent in January-February 2016, according to the Hungarian Central Statistical Office (KSH). Minister of State for Labor Market and Vocation Education Péter Cseresnyés said that the latest numbers continue an upward trend that has been growing over the last three years in Hungary.