Gov’t to continue talks on minimum wage
Having failed to agree on the minimum wage rise planned for next year, the Hungarian government and its partners are expected to continue negotiations next week, economy minister Mihály Varga said today, as reported by Hungarian news agency MTI.
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.