News in Brief
Hungary's minimum wage will rise by 9% in 2025
The minimum wage would rise by 12 percent on average in the next three years.
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State Secretary: Hungary's minimum wage needs to rise 50% by 2027
The minimum wage needs to rise by 11-12pc per year, Sándor Czomba said, adding that GDP and inflation levels as well as productivity increases also needed to be weighed.
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Hungary’s effective minimum wage is midfield in EU comparison
In regional comparison, Hungary is in the top group, ahead of Czechia, Slovakia, Romania and Bulgaria.
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Agreement signed to raise Hungary's minimum wage
The monthly minimum wage for unskilled laborers will rise by 15% to 266,800 forints (EUR 704), while the minimum wage for skilled workers will increase by 10% to 326,000 forints...
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Hungarian government to raise minimum wage
Márton Nagy said further measures to preserve the real value of wages would be needed in 2024.
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Hungary increases minimum wage at one of fastest rates in the EU
Compared with 2010, when the Orbán government entered power, the basic monthly minimum wage in Hungary has increased from 73,500 forints (EUR 180) to 200,000, and the minimum wage for skilled workers from 89,500 to 260,000.
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PM Orbán: Hungary's minimum wage has increased by 172% in 12 years
The government has made it its priority to break with the practice of low minimum wages, to offer jobs rather than benefits, ensure that all those able to work have jobs and that labor is financially rewarding.
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PM Orbán: Hungary's economic growth is a "shared success"
Hungary's economic growth is a "shared success" from which everybody, including pensioners, should benefit.
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Sides move closer at minimum wage talks
The government has offered to cut the rate on the small business tax (KIVA) from 11 to 10 percent.
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Finance Minister: A “significant” minimum wage hike is needed
Minister Varga and Parragh agreed that state assistance is needed to help small and medium-sized businesses cope with paying a higher minimum wage.
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Hungary's minimum wage to increase by 4 percent from Feb. 1
The agreement struck by unions, employers and government representatives contains a further hike from the middle of the year.
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Minimum wage to rise by 8 percent
The VKF, a forum of employers unions, and the government agreed to raise the minimum wage for skilled and unskilled workers by 8 percent in both 2019 and 2020.
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Hungary's minimum wage to increase by at least 8 percent in 2020
Both the minimum wage and the guaranteed minimum wage will increase by eight percent next year, under the 2019 and 2020 agreement signed at the end of last year.