BIEC reports that this was the second rapid collapse of the indicator in recent times. The first appeared two months ago and was associated with the slowdown in the economy at that time. The current decline is directly related to the effects of the pandemic.
“Real wages have increased slightly over 1% over the past year, while their growth was negative for the second month in a row. The lack of a sharp break in the average salary is most likely a result of the fact that additional remuneration, the so-called ‘13th salary’, is paid by many companies, especially in the public sector, where it is usually paid out at the end of the first quarter,” BIEC was quoted as saying by Thefirstnews.com on April 22.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
