Adam

Fewer new flats built in Hungary in the first nine months of 2024

According to data released by the Hungarian Central Statistical Office (KSH), the number of new flats built in Hungary in the first three quarters of 2024 decreased by 19% compared to the same period in 2023, with a total of 8,709 new flats constructed. Furthermore, the number of building permits issued for new flats decreased […]

In August, gross average earnings were 628,800 forints in Hungary

In August 2024, the gross average earnings of full-time employees amounted to 628,800 (approx. 1571,85 €) forints, while the net average earnings, calculated with tax allowances, reached 433,100 (approx. 1080,93 €)  forints. The gross average earnings increased by 13.1%, net average earnings by 12.9%, and real wages by 9.4% compared to the same period a […]

KSH: Consumer prices increased by an average of 3.0% in September compared to the same month last year

In September, consumer prices were on average 3.0% higher than a year earlier. Over the course of a month, prices decreased by an average of 0.1%, with motor fuel becoming 3.7% cheaper, according to a report released on Thursday by the Central Statistical Office (KSH).

The government has decided that mandatory store discounts will end in July

From July 1st, mandatory store discounts will cease, as announced by the Ministry of National Economy, according to hvg.hu. The decision, justified by the ministry led by Márton Nagy, cites a reduction in inflation. The ministry’s statement, published by MTI, claims that the mandatory discount system, along with the online price monitoring, effectively contributed to […]

Gross average earnings were HUF 658,400 in March 2024, 13.9 percent higher than the previous year

In March 2024, the gross average earnings of full-time employees were HUF 658,400, and the net average earnings calculated with benefits were HUF 452,700. Gross average earnings increased by 13.9 percent, net average earnings by 13.7 percent, and real earnings by 9.9 percent compared to the previous year, reported the Central Statistics Office Office on […]