Wages in Hungary increase by 10.7%

Wages in Hungary increase by 10.7%

Published at: 2019-10-01 12:34 | Author: CIJ Serbia
The average gross wage for full-time employees in Hungary increased by 10.7 percent to HUF 362,595, while net wages grew to HUF 241,126, according to the Hungarian Central Statistical Office. The average gross wage in the business sector, including state-owned firms, rose by 11.8 percent to HUF 375,801. In the public sector, it increased by 6 percent. Between January and July, the average gross monthly wage was highest in the finance and insurance sectors and lowest in social and health care services. Men employed full-time earned HUF 393,900 on average during this period, while women earned HUF 326,700. Real wages have been increasing for 79 consecutive months, according to Finance Minister Mihaly Varga.

Similar Stories:

TriGranit appoints new leasing manager for Millennium Gardens
Karoly Domotor Makk was named leasing manager of TriGranit’s Millenium Gardens project i  »
Aleksandra Karczewska joins Colliers International
Aleksandra Karczewska was named senior associate of the investment services department at  »
Hungary recruiting Asian workers to fill labor shortages
Faced with a growing labor shortage, Hungarian businesses are recruiting an increasing num  »
Nicola Gillen appointed head of total workplace at Cushman & Wakefield
Nicola Gillen has been appointed to the newly created role of head of total workplace at C  »
In regions like Andalusia, Extremadura, Castilla La Mancha and the Canary Islands, the une   »
US giant BlackRock is exiting the Polish real estate market, CIJ has learned. Having offlo   »
The number of unemployed averaged 272,800 between January and March, while the number of e   »
The study states that Hungarians would be willing to work even more hours for additional p   »