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wage growth

Minister for National Economy: 2025 Is Hungary’s Economic Breakthrough Year

Hungary is on the brink of an economic breakthrough, with at least eight key indicators pointing to a positive shift, according to Minister for National Economy Márton Nagy. Speaking at the Companies for the Future Award gala in Budapest, he…
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….

Inflation Remains Low in August, in Line with Market Expectations

According to the Hungarian minister for national economy the disinflation of food prices is driven by a significant decline in agricultural producer prices, suggesting that prices for certain food products may continue to fall in the coming months, further boosting…

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