KSH: Gross earnings up 5.4% in August in Hungary

Telco

Average gross earnings in Hungary saw a year-on-year rise of 5.4% in August, reaching HUF 241,680, while the average net wage rose at the same pace to HUF 158,300, Hungary’s Central Statistical Office (KSH) said today.

Excluding the 108,500 Hungarians who are employed in Hungary’s fostered work programs, the average gross wage rose 5.9% to HUF 255,805, while net wages increased at the same rate to HUF 167,555, KSH data suggests. Those working full-time in fostered work schemes earned gross HUF 102,500 on average during the month, KSH reveals.

Average gross earnings were up by a year-on-year 3.7% in January-August 2015, with the salary increase of armed forces and the introduction of an additional allowance for those working in the social field boosting figures, Hungary’s Central Statistical Office (KSH) said.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.