Average Hungarian gross wage growth up 11.2% in H1

Average Hungarian gross wage growth up 11.2% in H1

Published at: 2018-08-27 11:22 | Author: CIJEurope.com
The average monthly gross wage in Hungary amounted to HUF 324,400 in the first half of the year, while the average net wage totaled HUF 215,700. Both grew by 11.9 percent y-o-y, according to the Central Statistical Office (KSH). An 8-percent increase in the minimum wage and a 12-percent increase in the guaranteed minimum wage impacted the growth, according to KSH data. Other factors included salary adjustments affecting specific areas of the public sector.

Similar Stories:

Hungary’s GDP grows by 4.9% in Q2
Hungary’s GDP increased by 4.9 percent y-o-y in the second quarter, according to data pu  »
Serbia ranks first in Financial Times’ FDI index
Serbia took first place in the Financial Times’ global greenfield foreign direct investm  »
Hungarian construction growth slows in May
Output within the Hungarian construction sector dropped 26.3 percent y-o-y in May, accordi  »
Montenegro's most expensive locations
Real estate prices in Montenegro have risen to the same levels as in numerous European cit  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »