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Slowly But Surely: Wages in Hungary Continue To Rise

Tamás Székely 2015.02.22.

The average gross wage in Hungary rose by a sharp 6.7% to 257,452 forints, or 839 euros, in December from the same month a year earlier because of  bigger year-end bonuses, data released by the Central Statistical Office (KSH) showed. Net earnings rose at the same pace to 168,630 forints.

At the top of the ranking by the nominal value of earnings were invariably financial and insurance activities (HUF 485,200), followed by information and communication (HUF 449,200) and electricity, gas, steam and air conditioning supply (HUF 422,600). At the end of the ranking were human health and social work activities (HUF 143,100), accommodation and food service activities (HUF 153,200) and agriculture, forestry and fishing (HUF 180,100), KSH’s report shows.

The average bonus rose by 26.5% to 30,627 forints during the period, KSH said. Excluding the 188,600 Hungarians included in public work programmes, the average gross wage climbed by 6.5% to 271,699 forints. The average gross wage in the business sector, which includes state-owned companies, rose by 5.6% to 277,057 forints. The average gross wage in the public sector increased by 8.6% to 218,714 forints.

via ksh.hu and hungarymatters.hu photo: Hungary Today