Gross, net wages up in November
Full-time employees’ average gross earnings were HUF 621,200 and average net earnings with tax benefits reached HUF 427,700 in November 2023. Average gross earnings grew by 14.1%, net earnings increased by 14.0% and real earnings were 5.7% higher than a year earlier. Median gross ...
DK calls for European minimum wage to be adjusted to 60 percent of median wage
If Hungary introduces the European minimum wage, it should be set at either 60 percent of the median wage or 50 percent of the gross average wage, depending on which is the higher amount, the opposition Democratic Coalition (DK) said on Tuesday.
Finance Minister: Budapest mayor’s refusal to pay city’s taxes ‘unprecedented’
Finance Minister Mihaly Varga, in an interview with the online edition of business daily Vilaggazdasag, said it was "unprecedented" that while Budapest residents and businesses meet their tax obligations, the city's mayor "ignores them".
Economy Ministry: Government approves further regulations to protect jobs, economy
In an effort to protect Hungarian families and jobs, the government has decided to set the maximum number of residence permits available for guest workers at 65,000 in 2024, and it has defined 300 professions in which jobs must not be given to guest ...
Varga: Hungary could be among EU countries with highest economic growth in 2024
The latest European Commission growth forecast shows that Hungary could be among EU countries with the highest economic growth in 2024, Finance Minister Mihaly Varga said on Tuesday.
Construction sector output falls 12.8 percent in November
Output of Hungary's construction sector dropped by an annual 12.8 percent in November, albeit from a high base, the Central Statistical Office (KSH) said on Monday.
Inflation 5.5 percent in December, 17.6 percent in 2023
Annual inflation in Hungary was 5.5 percent in December, while it averaged 17.6 percent in 2023, the Central Statistical Office (KSH) said on Friday. Month on month, inflation fell by 0.3 percent.
Industrial output down 5.8 percent
Hungarian industrial output in November fell by an annual 5.8 percent, while working day-adjusted output was 5.6 percent lower, the Central Statistical Office (KSH) said in a second estimate on Friday.
Navracsics: EU funds significant contribution to Hungary development policy
European Union funds represent a significant contribution to Hungary's development policy, the minister of public administration and regional development said on Tuesday.
Industrial output down 5.8 percent in November
Hungarian industrial output dropped by an annual 5.8 percent in November, after falling by 3.2 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.
