This will affect every guest worker in Hungary: minimum wages will skyrocket in the next few years
The National Economy Ministry said it was tracking labour market developments and maintaining a continuous, open dialogue with both employers and unions in a statement issued on Tuesday. Under the agreement signed in November, the minimum wage will rise by an annual average 12pc over the next three years, increasing 9pc to HUF 290,800 in 2025, 13pc to 328,600 in 2026 and 14pc to 374,600 in 2027.
The ministry acknowledged a provision in a minimum wage agreement reached between the government, employers and unions in November that would trigger renegotiation if macroeconomic assumptions in the deal deviated from Q1-Q3 data in the target year by more than 1 percentage point. Speculation regarding the correspondence between the assumptions and factual data is “premature”, the ministry said.
It added that the government’s modified macroeconomic assumptions for 2025, contained in the 2026 budget bill, showed a combined deviation of just 0.3 percentage point from the assumptions in the minimum wage agreement.
Under the agreement signed in November, the minimum wage will rise by an annual average 12pc over the next three years, increasing 9pc to HUF 290,800 in 2025, 13pc to 328,600 in 2026 and 14pc to 374,600 in 2027.
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