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Home Hungry

Hungarian gross wages up 3.6% in June: KSH

byCustoms Today Report
21/08/2015
in Hungry, International Customs
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BUDAPEST: The Central Statistical Office (KSH) reported today that in a first reading of dataAverage gross wages in Hungary saw a year-on-year rise of 3.6%, reaching HUF 245,661 in June, with net wages rising at the same pace to HUF 160,909.

Excluding the impact of fostered workers, who earned just HUF 79,925 in June, gross wages were up 4.7% at HUF 259,222, KSH noted. Fostered workers are employed by the government and paid less than minimum wage to work at jobs such as street sweepers or metro ticket takers.

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KSH data suggest that full-time employees’ average gross nominal earnings, according to the national concept, amounted to HUF 243,200 at corporations employing at least five workers, and budgetary and designated non-profit institutions.

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