(Daily News Hungary)
If the economic situation gets better, another increase in the minimum wage could arrive this year. But in order for Hungary’s minimum wage to make up the difference evident in the region, it would have to grow drastically.
According to 24.hu, the minimum wage will only increase from February, more modestly than was usual in previous years. Based on the wage agreement signed on Monday, the minimum wage and the wage floor will increase by 4 per cent, so the former will be gross HUF 167,400 (€470) from February instead of the current gross HUF 161 thousand (€451). That is half of last year’s 8% increase and just over the officially planned 3% inflation. No matter how bad this looks, there have been more bizarre times in the three-decade-long history of the minimum wage in Hungary.
