About Hungary beta

PM Orbán on the V4: ‘We have never been stronger than we are now’

“The further the external border is from Hungary, the higher our security gets,” Orbán stressed

“We need to introduce additional measures to protect Hungary from illegal migration,” says Finance Ministry

Hungary’s new budget serves stability and security, while the upcoming EU budget would regroup funds from poorer states to richer ones

Security, growth, family and jobs play a central role in next year's budget

Here’s why Hungary rejects the latest draft of the 2021-2027 EU budget

What Hungary would like to see in the next EU budget is simple

Q&A on the upcoming amendment to Hungary’s Fundamental Law

Here’s a look at the details

Real wages

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.