In a statement, VOSZ chief secretary Laszlo Perlusz acknowledged the government’s “clear-headed” industrial and employment policies, noting a decision to extend preferential interest rates to more Széchenyi Card lending products, but said a reduction in taxes, contributions and administrative burdens was also important.
Addressing a wage agreement reached in 2024 between employers, unions and the government, Perlusz said renegotiating the pace of pay increases would be “unavoidable” as GDP had underperformed compared to earlier targets.
He added that the government’s openness at a meeting of the VKF, a forum for discussing wage developments, on August 18 had indicated there was a good chance for “acceptable and motivational” wage advancement.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
