The remarks came after a meeting of the monitoring committee of the VKF, a forum established for the sides to consult.

László Perlusz, the chief secretary of business association VOSZ, said employers could envision a minimum wage rise of 8% in 2025, 10% in 2026 and 12% in 2027.

He added that talks with the government on a reduction in businesses’ tax burden needed to take place after the publication of first-quarter GDP data.

Imre Palkovics, who heads workers council association MOSZ, said unions backed a minimum wage rise of 10% in 2025, 12% in 2026 and 14% in 2027.