The average earnings in Hungary were up 5.3% in November in year-on-year terms, at HUF 264,468, with the salary increase of armed forces and the payment of an additional allowance for those working in social services fields having an impact on earnings growth in November.
Excluding public work schemes, gross wages averaged HUF 261 500 at private sector enterprises, HUF 253 500 at budgetary institutions and HUF 236 000 at non-profit organizations in the initial eleven months of 2015. The wages of teachers rose in each year since 2013. Total wage growth was 50 percent on average and the Government has spent HUF 236bn on wages, he pointed out.
Thanks to wage increases in the private and public sectors, continuously low prices and rising minimum wages, wages in real terms are growing steadily in Hungary, and this significantly contributes to Hungarian economic growth, said Minister of State for the Labour Market and Vocational Training Péter Cseresnyés.
