Wage growth for full-time workers in Hungary slowed to an annual 9% in March, the Central Statistical Office (KSH) said. Wage growth slowed for the fourth month in a row. In absolute terms, the average gross monthly wage stood at 400,400 forints (EUR 1,147).
Yesterday, the European Commission presents its proposal for a public sector loan facility under the Just Transition Mechanism.
Hungary’s three-month rolling average jobless rate was at 3.8% in April, up 0.1 percentage point from the previous month and 0.3 percentage point from twelve months earlier, the Central Statistical Office (KSH) said.
Hungary can avoid a crisis similar to the one in 2008 thanks to measures taken by the government and the National Bank of Hungary (NBH), as well as the country’s stable banking sector, Radovan Jelasity, the recently elected chairman of the Hungarian Banking Association, said in an interview with MTI.
So far 625 companies have applied for government subsidies for investments that support job preservation during the coronavirus crisis, Peter Szijjártó, the foreign affairs and trade minister, said on Monday.
The government’s 2021 budget bill allocates some 3,000 billion forints (EUR 8.5bn) for a health-care and pandemic defence fund, Finance Minister Mihály Varga said in a video posted on Facebook.
The Employment and Social Affairs Committee is set to delve into alleged breaches of EU law on working time, health and safety of cross-border workers, on Tuesday.
Radovan Jelasity, the chairman-CEO of Erste Bank Hungary, was elected chairman of the Hungarian Banking Association on Friday, the professional body said.
Despite layoffs because of the coronavirus pandemic, state-owned companies are still facing labour shortage issues, daily Magyar Nemzet said.
Hungary’s cash flow-based budget deficit, excluding local councils, reached 727.4 billion forints (EUR 2.1bn) at the end of April, a second reading of data from the finance ministry showed.
