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Hungary plans to increase the minimum wage by 40% over the next three years, a move aimed at revitalizing the economy ahead of the 2026 general elections. Prime Minister Viktor Orban's initiative comes as his party lags in polls against opposition leader Peter Magyar, who also advocates for significant wage hikes. Currently, Hungary's minimum wage stands at 266,800 forint ($677), the second-lowest in the EU after Bulgaria.
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hungary plans significant minimum wage increase amid inflation concerns
14:40 25.11.2024
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