Increasing minimum wages
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by 15 percent, the guaranteed minimum wage will be 25 percent higher and employers will have to pay 5 percentage points lower social security contributions. In 2018 the minimum wage will increase by 8 percent, the guaranteed minimum wage will be 12 percent higher and social security contributions will decrease by 2 percentage points.
Related news
MKIK GVI: the year-end bonus payment is determined by the number of employees and the ownership structure of the companies
About a quarter of companies in the private sector give…
Read more >New York sets new minimum wage for food-app delivery drivers
Food delivery platforms operating in the city will have to…
Read more >Zsolt Feldman: vocational training offers young people a life path
Vocational training offers young people a life path, a constant…
Read more >Related news
Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of…
Read more >Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in…
Read more >KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent…
Read more >