Gov't approves HUF 29.9 bln in wage compensation for public sector workers

The 2012 budget earmarks HUF 64 billion for wage compensation in total.
EconomyFriday, 13:35 April 27., 2012 Read more

Government launches HUF 21 bln in tenders for additional wage compensation

The fund supports employers who are unable to finance the required minimum 5% wage rise to compensate lower-wage earners for losses in net income.
EconomyTuesday, 16:45 April 10., 2012 Read more

Gov't decides on conditions for wage compensation subsidies

The intention is to raise the wages of low earners who would otherwise take home less because of recently introduced tax changes.
EconomyWednesday, 22:35 February 29., 2012 Read more

Gov't to reallocate budget resources to fund new tenders for wage compensation

The government projects to spend a total of HUF 130 billion from the central budget on wage compensation.
EconomyFriday, 19:00 February 24., 2012 Read more

Govt to change wage compensation system

According to the new scheme, employees could apply for compensation directly to the state budget.
EconomyFriday, 16:30 February 24., 2012 Read more

Employees at state-owned companies due HUF 22 bln in wage compensation

About 80,000 employees at state-owned companies are eligible for HUF 22 billion in wage compensation this year, the Hungarian National Asset Management Company said on Wednesday.
EconomyWednesday, 12:55 February 22., 2012 Read more

Govt must prepare wage compensation subsidy tender by January 31

The government must come up with a tender for additional subsidies available to employers who raise wages to compensate lower earners for tax changes by January 31, under a decree published in official gazette Magyar Kozlony dated January 26 and published on Thursday.
EconomyFriday, 20:20 January 27., 2012 Read more

Ministry proposal would expand wage compensation subsidy

Hungary’s National Economy Ministry has submitted an proposal to the government that would expand the range of the subsidy available to employers who raise wages to compensate lower earners for tax changes, state secretary for employment Sandor Czomba said in an interview published in Wednesday’s issue of business daily Vilaggazdasag.
EconomyWednesday, 13:50 January 11., 2012 Read more

Govt plans to broaden wage compensation subsidy

The government plans to broaden the range of the subsidy it offers employers who raise wages to compensate lower earners for tax changes, MTI Hircentrrum learnt.
EconomyTuesday, 09:30 January 3., 2012 Read more

Gov't in push to determine wage compensation

Hungary’s government would determine the extent of wage compensation companies will be expected to give to their employees who are left worse off by personal income tax changes from next year, according to an amendment submitted to a bill put forward in the Parliament earlier this week.
EconomyThursday, 08:45 June 30., 2011 Read more

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