How much money do Olympians in Hungary get?
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Winning a medal or performing well at the Olympics is always a great honour. Interestingly, each country has a different way of rewarding these excellent sportsmen and sportswomen. Olympians in Hungary receive a cash prize and annuities.
Olympians in Hungary get a cash prize
As Player.hu writes, the Hungarian government increased the amount of money awarded for Olympic and Paralympic medals, as well as other achievements. This decision was made back in December 2023 and became official shortly before the Paris Olympics in 2024.
In addition, Olympic and Paralympic medallists also receive a lifetime annuity from the age of 35. The amount of this annuity is adjusted to their average annual earnings, as determined by the Central Statistical Office (KSH). For Olympic gold medallists, this means a gross amount of HUF 418,000 (EUR 1,063), with silver medallists receiving 70%, and bronze medallists 50%, of this amount.
