RSM: additional contribution reduction is needed to increase competitiveness

Compared to the Visegrád countries, the domestic companies are still at a disadvantage due to the tax and contribution burden on employment. A further reduction would be needed – RSM Hungary states in its analysis.

According to the financial advisory firm, the cost side of labor market competitiveness is well characterized by the evolution of the minimum wage and the average wage bill, and the public burden on wages. (MTI)