92 result(s) for wage growth in Business
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
Jobless Rate 4.9% In July-September
- 28 Oct 2016 9:00 AM
- business
Hungary’s rolling average three-month jobless rate reached 4.9% in July- September, the Central Statistical Office (KSH) reported. The rate, which covers unemployment among 15 to 74-yearolds, was level with that in June-August but fell from 6.4% in the same period a year earlier.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Varga Welcomes S&P Decision, Eyes Bumpy Road Ahead
- 19 Sep 2016 9:00 AM
- business
Speaking at an event for economists in Kecskemét, in western Hungary, Economy Minister Mihály Varga said Standard and Poor’s analysts had noticed the successful reform of Hungary’s economy and that growth has stabilised. Meanwhile, the public debt has declined and the internal structure of the debt improved, he added.
Economic Growth Pattern Is Healthy, GKI Says
- 18 Aug 2016 9:00 AM
- business
The pattern of Hungary's economic growth is healthy, as it is driven by export and investments, the CEO of economic research company GKI László Akar told a forum in Veszprém, west Hungary, on Tuesday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Research Institute Lowers GDP Growth Projections For 2016, 2017
- 13 Jul 2016 9:00 AM
- business
Research institute Kopint-Tárki on Tuesday said it lowered its GDP growth projections for Hungary for this year and next to 2.2 percent and 2.7 percent, respectively, because of the slower-than-expected recovery and downside risk posed by the UK’s decision to leave the EU. Earlier, Kopint-Tárki had projected GDP growth of 2.4 percent for 2016 and 2.9 percent for 2017.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
Jobless Rate 4.9% In July-September
- 28 Oct 2016 9:00 AM
- business
Hungary’s rolling average three-month jobless rate reached 4.9% in July- September, the Central Statistical Office (KSH) reported. The rate, which covers unemployment among 15 to 74-yearolds, was level with that in June-August but fell from 6.4% in the same period a year earlier.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Varga Welcomes S&P Decision, Eyes Bumpy Road Ahead
- 19 Sep 2016 9:00 AM
- business
Speaking at an event for economists in Kecskemét, in western Hungary, Economy Minister Mihály Varga said Standard and Poor’s analysts had noticed the successful reform of Hungary’s economy and that growth has stabilised. Meanwhile, the public debt has declined and the internal structure of the debt improved, he added.
Economic Growth Pattern Is Healthy, GKI Says
- 18 Aug 2016 9:00 AM
- business
The pattern of Hungary's economic growth is healthy, as it is driven by export and investments, the CEO of economic research company GKI László Akar told a forum in Veszprém, west Hungary, on Tuesday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Research Institute Lowers GDP Growth Projections For 2016, 2017
- 13 Jul 2016 9:00 AM
- business
Research institute Kopint-Tárki on Tuesday said it lowered its GDP growth projections for Hungary for this year and next to 2.2 percent and 2.7 percent, respectively, because of the slower-than-expected recovery and downside risk posed by the UK’s decision to leave the EU. Earlier, Kopint-Tárki had projected GDP growth of 2.4 percent for 2016 and 2.9 percent for 2017.