German firms plan wage hike in Hungary

By: trademagazin Date: 2008. 12. 15. 00:00

According to a research, commissioned by the German-Hungarian Chamber of Industry and Commerce, German firms operating in Hungary plan an average 6.2% wage hike next year.

The headline wages at German-held firms
rose by 8.5% this year or 2.2% in real terms, slightly above a
projection in last year’s survey. German firms based in Hungary
account for roughly 15% of GDP, the chamber said.

The most firms are in a wait-and-see
mode … there are hardly any (German-owned) firms that would have
announced large-scale layoffs.