A “significant” minimum wage hike is needed to retain Hungary’s current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihály Varga said after talks with Laszlo Parragh, the head of the Hungarian Chamber of Commerce and Industry.
Â
Varga and Parragh agreed that state assistance is needed to help small and medium-sized businesses cope with paying a higher minimum wage, and opportunities for compensation, such as further tax cuts, are being considered, the finance ministry said in a statement on Wednesday.
Â
Referring to consultations with both employers and employees, the minister said that there was
Â
“broad consensus” concerning a minimum wage hike,
Â
and pledged the government’s assistance to SMEs, which would be most impacted by the measure.
Â
Â
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Hungarian minister proud that both German and Chinese battery plants are built in Hungary
Here are the top Hungarian cities for expats seeking a new home
Drugs situation in Budapest serious, leading politician says
“Hungarian Iron Dome” deployed near the Ukrainian border, expert says Putin will attack Hungary
International organization confirmed that the Paks NPP operates safe, dependable
Regime change in parking in Budapest: Parking ticket machines may be removed in 2026
