Voluntary pension fund contributions climb 11% in Q1
Voluntary pension fund contributions rose 11.3% year-on-year to HUF 30.1 billion in Q1, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB).
Contributions by members increased 14.9% to HUF 27.4 bln. Employer contributions grew 2.8% to HUF 7.6 bln.
There were 31 voluntary pension funds operating in Hungary in Q1, two fewer than in the same period a year earlier.
Membership numbers at the pension funds were up by 6,000 annually at 1.103 million at the end of March.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
