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Minister calls for ‘significant’ minimum wage riseMinister calls for ‘significant’ minimum wage riseMinister calls for ‘significant’ minimum wage riseMinister calls for ‘significant’ minimum wage rise
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DNH 2021 DNH 2021 · 08/09/2021
· Business

Minister calls for ‘significant’ minimum wage rise

average salary Hungarian government Hungary Hungary's Finance Ministry
Hungary-finance-minister

MTI/Csaba Bús

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.
 
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.
 
Unacceptable! Most Hungarian teachers live in poverty


Referring to consultations with both employers and employees, the minister said that there was
 
“broad consensus” concerning a minimum wage hike,
 
and pledged the government’s assistance to SMEs, which would be most impacted by the measure.
 
Opposition: wage drop in Hungary is a sign of govt’s failed crisis management
 

Source: MTI

average salary Hungarian government Hungary Hungary's Finance Ministry
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