Official: Minimum wage in Hungary to rise in 2025
The minimum wage will rise by 9% in 2025, by 13% in 2026 and by 14% in 2027, Sándor Czomba, the state secretary for employment policy, said at an event on Thursday.
Czomba noted that the minimum wage would rise by 12% on average in the next three years. The minimum wage for skilled labourers would increase by 7% next year, he added. It wasn’t easy, but an agreement on wages has been reached by the representatives of the government, employers and unions, he said. With the wage increases the government wants to see the minimum wage reach 50% of the average wage by January 1, 2027, he added.
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Featured image: depositphotos.com
Smells like elections are cooking
These increases won’t see the minimum wage rise to anything like 50% of the average wage by 2027. The target is effectively a non starter, quite apart from which the value of wages expressed in Euros may not rise at all if analyst expectations of 500 Ft to 1 EUR become a reality. This is all part of the gameplan, be assured. The government ensures that wages in Ft increase by a target percentage while the real value of those wages remain stagnant, kowtowing to the foreign investment community.