Hungary’s economic recovery faced a fresh setback in May as wage growth fell to its slowest pace in more than two years, signaling weakening household purchasing power and raising doubts about a consumer-driven rebound ahead of the 2026 election. Data released this week by the Hungarian Central Statistical Office showed that average gross wages rose […]

One in two companies plans to raise wages next year, but that is a lower proportion the one than this year, and every fifth company plans to increase the amount of the cafeteria allowance next year, according to a survey by the Profession.hu job portal. The portal has carried out its latest survey based on […]

69% of young people under 30 who have a job expect a pay rise next year in Hungary, while only 6% fear a decrease, K&H Bank said on Friday, referring to its November survey. Despite the optimistic feedback, the K&H data shows that young people are also feeling the difficulties. In the previous quarterly survey, […]

Nearly 570,000 workers earn a guaranteed minimum wage of HUF 260,000 gross or less, which is nearly 20% of full-time employees, according to data from the Hungarian Central Statistical Office KSH). KSH has published its analysis of the second quarterly wage data. It shows that wages are growing fast in Hungary, but also that a […]

The expectations of Hungarian companies have become more pessimistic for the 2023 economic year, but half of the companies still expect growth next year and a larger share of them plan to increase wages, according to a recent HR Panorama 2022 study by Profession.hu. The findings of the study, which examines current labor market challenges […]

More than 5,000 local government employees took part in the twp-hour warning strike organized by the Trade Union of Hungarian Civil Servants and Public Employees (MKKSZ) Monday morning in order to accentuate demands of wage increase.

Hungary's Economy Ministry has released on its website that the government is planning to consider mergers in the public sector, is determined to achieve significant staff cuts, and keep wage costs at the current level.

In the first six months of this year, real wages in Hungary were up by 3.7% year on year. Over the same period, consumer prices increased by 5.7%. According to data released by the Central Statistical Office the number of people employed in Hungary in the first half of 2010 was 2 million 671,000.