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MINIMUM WAGE TO RISE 8% NEXT YEAR

 

The minimum wages for both skilled and unskilled workers will rise by 8% next year, in line with an agreement reached a year earlier between unions, employers and the government, Finance Minister Mihály Varga has announced. The gross monthly minimum wage for skilled labourers will be at 210,600 forints (EUR 636) and the wage for unskilled labourers at 161,000 forints, Varga said. The VKF, a forum of employers unions and the government, agreed a year earlier to raise the minimum wage for skilled and unskilled workers by 8% in both 2019 and 2020. However, unions recently pressed for the scale of next year’s increase to be raised, arguing that GDP growth had beaten expectations and that minimum wage growth is now under overall wage growth.