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Minister for National Economy Márton Nagy: The pace of growth regarding wages in real terms is to accelerate this year
A happier and more successful year to come: In 2024, we must focus on the internal economy
Real wages
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KSH: Average gross wage grew by an annual 16.1% in January
The average gross wage in Hungary grew by an annual 16.1% to 528,000 forints (EUR 1,370) in January.
News in Brief
KSH: Wages grew by an annual 13.7% in January
The Central Statistical Office (KSH) said growth was driven by bigger public sector paycheques and a minimum wage rise.
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Hungarian government extends wage subsidies
Bars and restaurants can start serving customers outdoors when the number of Hungarians inoculated against Covid-19 reaches 3.5 million, which is expected around the middle of next week.
News in Brief
Hungary tops Europe with highest real wage growth projection for 2018
According to Factsmaps.com, Hungary’s real wage growth projection for 2018 stands at a whopping 4.9 percent
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Average Hungarian wage now stands at 341,719 HUF per month
According to official data, gross wage growth has been lifted by an agreement on minimum wage increases as well as a labor shortage
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Net earnings have increased by 51 percent over the past six years
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
Some 750,000 more people hold jobs than eight years ago and the unemployment rate is at a historic low of 3.7 percent
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Economy Ministry: Working in Hungary is becoming “increasingly worthwhile” thanks to tax cuts and pay rises
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
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
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Real wages up, unemployment down: Ever wonder what a workfare society looks like?
“[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.”
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Hungary’s wages are expected to grow by 8-10 percent in 2018
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
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