Finance Minister Calls for ‘Significant’ Minimum Wage Rise to ‘Retain Competitive Advantage’

A “significant” minimum wage hike is needed to retain Hungary’s current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihály Varga said after talks with László Parragh, the head of the Hungarian Chamber of Commerce and Industry.
Varga and Parragh agreed that state assistance is needed to help small and medium-sized businesses cope with paying a higher minimum wage, and opportunities for compensation, such as further tax cuts, are being considered, the …
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Finance Minister Calls for ‘Significant’ Minimum Wage Rise to ‘Retain Competitive Advantage’

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