480 result(s) for wage increase
Retail Sales Growth Accelerates To 6% In May
- 25 Jul 2017 8:20 AM
- shopping
Retail sales in Hungary climbed an annual 6% in May, the Central Statistical Office (KSH) said in a second reading of data. Retail sales rose by 5.5% when adjusted for calendar year effects. The pace of retail sales growth accelerated from an unadjusted and adjusted 3.2% and 1.8%, respectively, in April. Retail sales growth in May was highest since June 2016.
Gross Wages Up 12.9% In May
- 21 Jul 2017 8:48 AM
- business
The average gross monthly wage in Hungary rose by an annual 12.9% to 296,100 forints (EUR 968) in May, the Central Statistical Office (KSH) said. Net wages grew at the same pace as gross wages did, also climbing by 12.9% to 196,900 forints.
Construction Sector Output Jumps 35% In May
- 17 Jul 2017 8:18 AM
- property
Output of Hungary’s construction sector rose by an annual 35.4% in May, the Central Statistical Office (KSH) said. KSH noted that the jump came from a low base. Output of the building segment was up by 27.2% during the period while output of the civil engineering segment soared 46.4%.
Balog: Large Orphanges To Be Phased Out By 2020
- 22 Jun 2017 10:00 AM
- current affairs
Large orphanages will be phased out by 2020 and replaced by smaller institutions with the help of 5.8 billion forints (EUR 19m) of European Union support, Human Resources Minister Zoltán Balog announced on Wednesday.
Employers Evade Minimum Wage Laws
- 22 Jun 2017 8:14 AM
- business
Employers faced with rising wage costs have found a way to circumvent legal obligations by employing more part-time people, Világgazdaság writes.
LMP Blames Government For ‘Opening Gap’ With Region
- 22 Jun 2017 8:00 AM
- business
The opposition LMP party has blamed the government for Hungarian living standards falling behind other countries in the region. Erzsébet Schmuck, LMP’s deputy group leader, cited Eurostat figures at a press conference held on Tuesday, saying that Hungary’s consumption stood at 63 percent of the European Union average.
Economic Research Institute Raises GDP Growth Forecast To 3.8 Pc For 2017, 2018
- 20 Jun 2017 11:00 AM
- business
Economic research institute Századvég raised its projections for GDP growth in Hungary to 3.8 percent for both this year and 2018 in a fresh forecast released on Monday. The projections for 2017 and 2018 were raised from 3.6 percent and 3.4 percent, respectively, in a forecast released by the think-tank in March. Századvég said the growth rate for both years would be lifted by consumption and ...
Opposition Criticise Orbán For Neglecting Education, Health Care
- 13 Jun 2017 8:54 AM
- current affairs
The opposition parties criticised Prime Minister Viktor Orbán for his failure to address the crucial issues of the nation in his parliamentary speech. The Socialists called for a fairer Hungary, a country which belongs to the “first circle” of the European Union rather than to the peripheries.
Orbán: Border Fence Will Stand As Long As I Am PM
- 13 Jun 2017 8:36 AM
- current affairs
Prime Minister Viktor Orbán has promised that the border fence along Hungary’s southern border would stand as long as he is the prime minister. Addressing parliament, Orbán said that as long as Fidesz and the Christian Democrats governed Hungary, the government will not yield to Brussels’ “blackmails” and will refuse to accept mandatory migrant quotas.
Retail Sales Growth Accelerates To 6% In May
- 25 Jul 2017 8:20 AM
- shopping
Retail sales in Hungary climbed an annual 6% in May, the Central Statistical Office (KSH) said in a second reading of data. Retail sales rose by 5.5% when adjusted for calendar year effects. The pace of retail sales growth accelerated from an unadjusted and adjusted 3.2% and 1.8%, respectively, in April. Retail sales growth in May was highest since June 2016.
Gross Wages Up 12.9% In May
- 21 Jul 2017 8:48 AM
- business
The average gross monthly wage in Hungary rose by an annual 12.9% to 296,100 forints (EUR 968) in May, the Central Statistical Office (KSH) said. Net wages grew at the same pace as gross wages did, also climbing by 12.9% to 196,900 forints.
Construction Sector Output Jumps 35% In May
- 17 Jul 2017 8:18 AM
- property
Output of Hungary’s construction sector rose by an annual 35.4% in May, the Central Statistical Office (KSH) said. KSH noted that the jump came from a low base. Output of the building segment was up by 27.2% during the period while output of the civil engineering segment soared 46.4%.
Balog: Large Orphanges To Be Phased Out By 2020
- 22 Jun 2017 10:00 AM
- current affairs
Large orphanages will be phased out by 2020 and replaced by smaller institutions with the help of 5.8 billion forints (EUR 19m) of European Union support, Human Resources Minister Zoltán Balog announced on Wednesday.
Employers Evade Minimum Wage Laws
- 22 Jun 2017 8:14 AM
- business
Employers faced with rising wage costs have found a way to circumvent legal obligations by employing more part-time people, Világgazdaság writes.
LMP Blames Government For ‘Opening Gap’ With Region
- 22 Jun 2017 8:00 AM
- business
The opposition LMP party has blamed the government for Hungarian living standards falling behind other countries in the region. Erzsébet Schmuck, LMP’s deputy group leader, cited Eurostat figures at a press conference held on Tuesday, saying that Hungary’s consumption stood at 63 percent of the European Union average.
Economic Research Institute Raises GDP Growth Forecast To 3.8 Pc For 2017, 2018
- 20 Jun 2017 11:00 AM
- business
Economic research institute Századvég raised its projections for GDP growth in Hungary to 3.8 percent for both this year and 2018 in a fresh forecast released on Monday. The projections for 2017 and 2018 were raised from 3.6 percent and 3.4 percent, respectively, in a forecast released by the think-tank in March. Századvég said the growth rate for both years would be lifted by consumption and ...
Opposition Criticise Orbán For Neglecting Education, Health Care
- 13 Jun 2017 8:54 AM
- current affairs
The opposition parties criticised Prime Minister Viktor Orbán for his failure to address the crucial issues of the nation in his parliamentary speech. The Socialists called for a fairer Hungary, a country which belongs to the “first circle” of the European Union rather than to the peripheries.
Orbán: Border Fence Will Stand As Long As I Am PM
- 13 Jun 2017 8:36 AM
- current affairs
Prime Minister Viktor Orbán has promised that the border fence along Hungary’s southern border would stand as long as he is the prime minister. Addressing parliament, Orbán said that as long as Fidesz and the Christian Democrats governed Hungary, the government will not yield to Brussels’ “blackmails” and will refuse to accept mandatory migrant quotas.