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EconomyEconomy
Hungarian net median salary was 366,000 HUF in October 2024

Hungarian net median salary was 366,000 HUF in October 2024

According to data published by the Hungarian Central Statistical Office (KSH), the median net wage in Hungary for October 2024 was 366,000 HUF. This represents a 15% increase compared to the same month last year and is slightly higher than the August figure.

Andrew Davison
Andrew Davison
EconomyEconomy
Teachers in Hungary will get a salary increase from January 2025

Teachers in Hungary will get a salary increase from January 2025

Starting January 1, 2025, teachers in Hungary will see their salaries rise by an average of 21.2%.

Andrew Davison
Andrew Davison
EconomyEconomy
Budapest taxi drivers stage protest

Budapest taxi drivers stage protest

On Tuesday, taxi drivers in Budapest participated in a parade honking their horns to draw attention to their demands.

Andrew Davison
Andrew Davison
EconomyEconomy
Magyar Posta to raise prices in 2025

Magyar Posta to raise prices in 2025

The Hungarian Postal Service has announced a price increase beginning January 1, 2025. This decision aims to maintain high-quality services that meet modern customer expectations while operating efficiently.

Andrew Davison
Andrew Davison
EconomyEconomy
Gránit Bank's IPO listing was a success

Gránit Bank's IPO listing was a success

Gránit Bank has successfully registered its shares, as announced by the bank on the Budapest Stock Exchange. This transaction is being celebrated as a significant achievement, setting the stage for what comes next on the market.

Andrew Davison
Andrew Davison
EconomyEconomy
Digital SZÉP card to be launched

Digital SZÉP card to be launched

Starting September 1, 2025, the SZÉP card will be available in a digital format, eliminating the necessity for the traditional plastic card.

Andrew Davison
Andrew Davison
EconomyEconomy
A staff-free, automatic Coop is opening in Szeged

A staff-free, automatic Coop is opening in Szeged

A new concept of shopping is coming to Szeged as the Coop store at Szent István Square prepares to transition to an automated, staff-less format.

Andrew Davison
Andrew Davison
EconomyEconomy
Fitch raises Hungary's credit outlook from negative to stable

Fitch raises Hungary's credit outlook from negative to stable

On December 6, 2024, Fitch Ratings released its detailed statement regarding Hungary's second credit rating review of the year. The agency has improved Hungary's outlook from negative to stable, while maintaining its rating at BBB, according to Portfolio.hu.

Andrew Davison
Andrew Davison
EconomyEconomy
Raiffeisen Bank to pass transaction fees to customer

Raiffeisen Bank to pass transaction fees to customer

Starting February 17, 2025, Raiffeisen Bank will increase transaction fees for all customers by 0.15 percentage points, with a cap at 10,000 HUF.

Andrew Davison
Andrew Davison
EconomyEconomy
Christmas trees prices in Hungary up 5-10%

Christmas trees prices in Hungary up 5-10%

According to market traders, prices for Christmas trees in Hungary are projected to rise by 5-10% compared to last year, as reported by MTI.

Andrew Davison
Andrew Davison
EconomyEconomy
Erste Bank to make customers pay transaction fees from 2025

Erste Bank to make customers pay transaction fees from 2025

Beginning February 3, 2025, Erste Bank will transfer the burden of transaction fees to its clients, as per the notice sent to customers.

Andrew Davison
Andrew Davison
EconomyEconomy
OTP, K&H and UniCredit Bank increase their fees

OTP, K&H and UniCredit Bank increase their fees

UniCredit Bank has confirmed it will introduce additional transaction fees effective February 1, 2025, specifically for transfers and direct debit payments on its Ikon Plus account package, as reported by biztosdontes.hu.

Andrew Davison
Andrew Davison