Hungary's wages rose by an annual 18.1% in December
The average net wage including tax benefits was 400,300 forints, 18.7% higher than in the same period a year prior.
The average net wage including tax benefits was 400,300 forints, 18.7% higher than in the same period a year prior.
Thanks to the government’s measures, the national economy has continued to grow, and the number of jobholders has grown.
Compared with ten years ago, gross earnings increased by 97 percent in Jan-Oct 2020, while net earnings without benefits have grown by 99.7 percent.
The pay rise program has raised healthcare workers’ salaries by a combined 42 percent over the past two years.
President Áder said the law was compatible with the constitution, and that “further open issues will be addressed in by-laws” ahead of the law coming into force.
Hungary's parliament has approved a major wage hike for doctors, to be carried out in several stages starting next year.
The average gross wage for full-time workers in Hungary grew by an annual 13.1 percent to a monthly HUF 406,388 (EUR 1,200) in December 2019.
Teachers in training will get the 10 percent pay rise on top of an 8 percent salary increase introduced on Jan. 1.
Ildikó Horváth, the state secretary in charge of healthcare, said the increase is part of a multi-step wage growth scheme that began in 2016.
The average gross wage for full-time workers rose by 11.6 percent year-on-year to HUF 365,135 (EUR 1,100) in October.
Hungary’s average gross wage for full-time workers grew by an annual 11.5 percent to HUF 358,876 in August. Net wages grew at the same pace, reaching HUF 238,653.
Despite fears of an imminent global slowdown, Hungary’s economy keeps on keeping on.
Hungarian soldiers and police officers' wages have risen as part of a program to increase their salaries by 50 percent