Govt to Call Another Tender for Workers Hostel Subsidies

MTI-Hungary Today 2020.11.01.

A tender for 5 billion forints (EUR 14m) in support to set up workers hostels will be called on November 2, the Innovation and Technology Ministry said on Saturday.

The tender is the fifth such one. In the earlier tenders, 39 local councils and companies won a combined 12.4 billion forints in support to set up workers hostels with some 5,000 beds, contributing to improved labour mobility.

Wage Growth Slows to 9.1% in August

Year-on-year wage growth in Hungary slowed to 9.1 percent in August from 10.8 percent in July, data released by the Central Statistical Office (KSH) on Friday show. In absolute terms, the average gross monthly wage for full-time employees stood at 391,600 forints (EUR 1,063). The average net wage was 260,400 forints. Calculating with twelve-month CPI […]Continue reading

Subsidies in the latest tender can be used to build or renovate workers hostels with between 80 and 200 beds. Applications are being accepted until the end of March 2021.