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No deal yet on minimum wage rise; talks to continue

Government

The VKF, a forum of employers, unions, and the government, failed to reach an agreement on next year's minimum wage rise at a meeting on Tuesday and will continue talks in the coming week, according to a report by Hungarian news agency MTI.

Ferenc Rolek, the deputy head of business association MGYÓSZ, said employers can agree on a 3% wage rise from January 1, enough to match the inflation forecast.

Imre Palkovics, who heads unions association MOSZ, said unions are pushing for a 6.5% minimum wage increase from January 1. A second increase could take place later in the year, linked to inflation or GDP growth, he added.

State secretary for employment policy Sándor Bodó represented the government at the talks.

The statutory minimum wage was raised by 8% in 2019 and 8% in 2020. At present, the gross monthly minimum wage for skilled laborers is HUF 210,600 and the minimum wage for unskilled laborers is HUF 161,000.

Wage growth in Hungary reached 9.8% year-on-year in January-September, according to data from the Central Statistical Office (KSH).
 

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