Entrepreneur association: significant wage rise in Hungary impossible wihtout these measures

Government plans to raise the monthly minimum wage to EUR 1,000 and the average wage to HUF 1 million by 2028 can only be “realistic” if businesses get support and their tax burden is eased, entrepreneur and employer association VOSZ said in a statement issued on Tuesday.

VOSZ also said wage increases needed to be linked to economic growth, inflation and productivity indicators.

VOSZ said it backed a tiered minimum wage system that took into consideration the particularities of various business sectors to replace the uniform minimum wage for skilled labourers.

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