4% minimum wage raise agreed

Government

The VKF, a forum of employers, unions and the government, moved close to a compromise on a minimum wage rise at a meeting this week after a weeks-long deadlock, according to economics website novekedes.hu.

Representatives of employers and unions said after the meeting that the Ministry for Innovation and Technology would prepare a draft agreement raising the minimum wage by 4% from February 1. If all three employers associations and all three unions associations approve the agreement, it could be signed on Monday, they added.

Ferenc Rolek, the deputy head of business association MGYOSZ, said employers had suggested the 4% minimum wage rise as a compromise, between their original offer of a 3% increase and unions' demand for a 5% rise. He expressed hope the sides would accept the draft agreement, but acknowledged that the compromise wouldn't deliver either side satisfaction.

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