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employment

wage increase

Hungary’s Minimum Wage to Rise over 40 per cent in Three Years

Hungary’s minimum wage and guaranteed skilled labour wage have increased, directly impacting around one million workers and influencing wages across multiple sectors. The government has outlined a long-term plan for continued wage growth, ensuring a cumulative increase of over 40…

Government Action Spurs Wage Increases and Economic Optimism

In October 2024 Hungary saw a surge in wages, with the average gross income rising by nearly 13 per cent compared to last year. This growth, coupled with low inflation, marks the 14th consecutive month of significant real wage increases….

Survey Reveals Hungarian Optimism Regarding AI-Induced Changes in Workforce

A recent survey by BNP Paribas Cardif and Medián reveals that most Hungarians view artificial intelligence (AI) as a tool to improve work efficiency. While workforce changes are anticipated in the near future, optimism prevails among employees about AI’s impact….

Fitch Ratings Confirms Hungary’s Economic Stability with Upgraded Outlook

Hungary’s creditworthiness received a boost as Fitch Ratings upgraded its outlook on Hungary’s IDR from negative to stable, and reaffirmed the country’s investment-grade rate. This aligns with Moody’s and S&P’s recent positive evaluations, reflecting strong investor confidence and robust economic…
Worker (illustration, Pixabay)

Hungary’s Employment Rate Remains High as Government Implements Historic Wage Agreement

Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market….

Minister of State Sándor Czomba Talks European Competitiveness

At an informal meeting of the ministers of EU Member States responsible for employment and social policy in Budapest, Hungary, Minister of State Sándor Czomba said that increasing the competitiveness of the European Union is ‘the most important challenge’ of…
European Commission President Ursula von der Leyen celebrates after she was re-elected for a second term at The European Parliament in Strasbourg, eastern France on 18 July 2024.

Political Priorities for the New European Commission

Ursula von der Leyen’s Europe’s Choice programme will be the working document on the basis of which the Commissioners designate will receive their portfolios and, when they take office, the mandate in which the Commission President will set out their…
Growing employment illustration, Pixabay

Historic July Low in Unemployment Figures Since Transition to Market Economy

To increase employment and mobilize the nearly 300,000 strong domestic labour market reserve, the government is continually working to ensure that everyone who can and wants to work has the opportunity to do so….

PM Orbán: Patriots for Europe List Will Be Public on Monday

In his regular Friday interview with public Kossuth radio Orbán emphasized that Hungary, as the rotating president of the European Union, does not have the mandate to negotiate peace in the Russo–Ukrainian war on behalf of the EU. However, he…
Illustration by Hungarian Conservative

Revealing the Facts: A Brief History of Poverty in Hungary

In 2021 Hungary had the tenth lowest proportion of the population at risk of poverty or social exclusion in the EU, at 18.4 per cent. This compares to 30.6 per cent in 2014, when we ranked twenty-fourth, and our improvement…

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