Talks are scheduled to resume on Tuesday, the minister said after a meeting of the VKF, a broad forum of representatives from the private sector and the government, MTI added.

The government has reportedly been mulling a 15% raise in the minimum wage of unskilled workers for next year and a further 8% raise in 2018.

In reaction to the plans, György Vámos of the Hungarian Trade Association told Hungarian daily Világgazdaság today that smaller stores could be forced to close due to the wage raise.