New historic low: Hungarians receive way lower minimum wage than Romanians
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Based on the latest analysis of the Eurostat, the Hungarian minimum wage reached a new historic low in the European Union. In January, the Hungarian minimum wage was worth EUR 578.74 a month, preceding only Bulgaria (EUR 398.81).
Record low Hungarian minimum wage
According to mfor.hu, in 2022, Hungary preceded Bulgaria, Romania and Lithuania regarding minimum wage. The reason is the weak forint. That is why the difference between the minimum wage between Hungary and most of the EU member states widened.
In 2022, the difference between the Romanian and the Hungarian minimum wage was 2.3 percent, which rose to 4.7 percent, positive for Romania. However, in Romania, the employees pay a 35 percent social security contribution, which is higher than Hungary’s 33.5 percent.
Luxembourg leads the list with EUR 2,387, while Germany is the second with almost EUR 2,000 per month. The third place went to Belgium with EUR 1,955.
Fidesz: Recovery fund payments ‘extremely slow’
EU member states are experiencing a serious delay in EU post-coronavirus recovery payments, Fidesz MEPs Enikő Győri and Andor Deli said in a statement on Tuesday.
The ruling party MEPs noted that the European Parliament’s budget and economic and financial committees had asked the relevant EU commissioners to provide fresh information on recovery fund disbursements. Győri welcomed EU Commissioners Valdis Dombrovskis and Paolo Gentiloni’s promise to Hungary that fund payments could start once agreed milestones were met. The commission does not plan to impose new conditions, she added. “Hopefully the European Commission sticks to its promise,” Győri said. “Hungary is fulfilling its commitments; now it’s Brussels’ turn.”
