521 result(s) for wage increase
Banks Offer New Basic Accounts
- 18 Oct 2016 9:00 AM
- business
Banks have begun offering a cheap, so-called basic bank account to clients from October 15, as mandated in a law passed in early September. Banks’ maximum charges on such accounts are set at 1.5% of the minimum wage at the end of the previous year, or Ft 1,575 at present.
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.
Retail Sales Growth Picks Up To 5.8% In August
- 6 Oct 2016 9:00 AM
- shopping
Retail sales growth in Hungary accelerated to an annual 5.8 percent in August after a temporary slowdown to 2.9 percent in July, the Central Statistical Office (KSH) said on Wednesday. Adjusted for calendar-year effects, retail sales rose by 4.3 percent in August, picking up from a 3.9 percent increase in July. Adjusted food sales rose by 2.8 percent, non-food sales climbed by 6.1 percent and ...
Parragh: Emigration Slowed Down In First Half Of 2016
- 4 Oct 2016 9:00 AM
- current affairs
Wage increases and improved competitiveness could help resolve the labour shortage in Hungary, daily Magyar Idők said, adding that statistics show that emigration slowed down in the first half of this year. Head of the Hungarian Chamber of Commerce and Industry László Parragh told the paper that the labour shortage resulting from emigration affects not only Hungary but the entire region and in ...
Official: Hungary Close To Bridging Health-Care Pay Gap
- 29 Sep 2016 9:00 AM
- health & wellness
Recent and new wage hikes in the health-care sector will help Hungary close the pay gap with the other Visegrad Group countries, the state secretary for health care said. The base salary of doctors and pharmacists increased by gross 107,000 forints (EUR 348) from September 1 this year and will rise by another 100,000 forints from November 1, 2017, Zoltán Ónodi-Szűcs 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 ...
Residential Property Sales To Keep Growing
- 20 Sep 2016 3:00 AM
- property
Signs indicate that the residential property market in Hungary is not only back from the dead, but that it is growing at breakneck pace, according to a review by the Central Statistical Office (KSH). The volume and rate of sales have both been soaring and prices have been heading towards new heights, to the horror of buyers.
Domestic Tourism On The Rise
- 9 Sep 2016 9:00 AM
- travel
Domestic tourism continued to increase both in the first half of 2016 and during the peak tourist season, daily Magyar Hírlap said, citing experts. Hungarians increasingly chose to spend their holidays in their home country rather than going abroad. Domestic demand grew by twice as much as the international one, general secretary of the association of Hungarian restaurants and hotels István ...
Teacher Wages To Rise 3.5% In 2016
- 2 Sep 2016 9:00 AM
- current affairs
Teachers’ wages will rise by 3.5% in September this year based on the teacher career model, László Palkovics, the public education state secretary, said. The wage increase means teachers will receive between 3,000 forints (EUR 10) and 15,000 (EUR 48) forints more each month depending on seniority, Palkovics said, noting that the government has continuously increased teacher’s wages since 2013.
Banks Offer New Basic Accounts
- 18 Oct 2016 9:00 AM
- business
Banks have begun offering a cheap, so-called basic bank account to clients from October 15, as mandated in a law passed in early September. Banks’ maximum charges on such accounts are set at 1.5% of the minimum wage at the end of the previous year, or Ft 1,575 at present.
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.
Retail Sales Growth Picks Up To 5.8% In August
- 6 Oct 2016 9:00 AM
- shopping
Retail sales growth in Hungary accelerated to an annual 5.8 percent in August after a temporary slowdown to 2.9 percent in July, the Central Statistical Office (KSH) said on Wednesday. Adjusted for calendar-year effects, retail sales rose by 4.3 percent in August, picking up from a 3.9 percent increase in July. Adjusted food sales rose by 2.8 percent, non-food sales climbed by 6.1 percent and ...
Parragh: Emigration Slowed Down In First Half Of 2016
- 4 Oct 2016 9:00 AM
- current affairs
Wage increases and improved competitiveness could help resolve the labour shortage in Hungary, daily Magyar Idők said, adding that statistics show that emigration slowed down in the first half of this year. Head of the Hungarian Chamber of Commerce and Industry László Parragh told the paper that the labour shortage resulting from emigration affects not only Hungary but the entire region and in ...
Official: Hungary Close To Bridging Health-Care Pay Gap
- 29 Sep 2016 9:00 AM
- health & wellness
Recent and new wage hikes in the health-care sector will help Hungary close the pay gap with the other Visegrad Group countries, the state secretary for health care said. The base salary of doctors and pharmacists increased by gross 107,000 forints (EUR 348) from September 1 this year and will rise by another 100,000 forints from November 1, 2017, Zoltán Ónodi-Szűcs 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 ...
Residential Property Sales To Keep Growing
- 20 Sep 2016 3:00 AM
- property
Signs indicate that the residential property market in Hungary is not only back from the dead, but that it is growing at breakneck pace, according to a review by the Central Statistical Office (KSH). The volume and rate of sales have both been soaring and prices have been heading towards new heights, to the horror of buyers.
Domestic Tourism On The Rise
- 9 Sep 2016 9:00 AM
- travel
Domestic tourism continued to increase both in the first half of 2016 and during the peak tourist season, daily Magyar Hírlap said, citing experts. Hungarians increasingly chose to spend their holidays in their home country rather than going abroad. Domestic demand grew by twice as much as the international one, general secretary of the association of Hungarian restaurants and hotels István ...
Teacher Wages To Rise 3.5% In 2016
- 2 Sep 2016 9:00 AM
- current affairs
Teachers’ wages will rise by 3.5% in September this year based on the teacher career model, László Palkovics, the public education state secretary, said. The wage increase means teachers will receive between 3,000 forints (EUR 10) and 15,000 (EUR 48) forints more each month depending on seniority, Palkovics said, noting that the government has continuously increased teacher’s wages since 2013.