KSH: Gross wages up 3.3%

Deals

The average gross wage in Hungary rose by 3.3% to HUF 237,539 in October from the same month a year earlier, while net earnings rose at the same pace to HUF 155,587, according to the Central Statistics Office’s (KSH) report published today.

KSH added, that excluding the 178,500 Hungarians in fostered work programs, the average gross wage climbed by 5.0% to HUF 249,458, while net wages rose at the same clip to HUF 163,394.

According to KSH, the number of fostered workers accounted for approximately 6.3% of all employed Hungarians in October. Those fostered workers in full-time jobs — nearly all of them — earned on average gross HUF 78,043 during the month. Their wage rose 1.4% in one year.

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1 Figures

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Job Fair and Career Prep at Corvinus Starts Tomorrow HR

Job Fair and Career Prep at Corvinus Starts Tomorrow

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

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.