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Minimum Wage: We Learned that the Parties Are Very Far Apart

Summary by Portfolio
Companies don't want to hear about the minimum wage increasing significantly next year. Representatives of the employee side, however, want a double-digit wage increase. At this week's meeting of the Competition Sector and the Government's Permanent Consultation Forum (VKF), the positions were as far apart as Makó is from Jerusalem.

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Companies don't want to hear about the minimum wage increasing significantly next year. Representatives of the employee side, however, want a double-digit wage increase. At this week's meeting of the Competition Sector and the Government's Permanent Consultation Forum (VKF), the positions were as far apart as Makó is from Jerusalem.

·Budapest, Hungary
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Negotiations on next year's minimum wage have begun with serious disagreements: employers would consider a 4 percent increase to be realistic, while trade unions insist on the double-digit increase included in the previous wage agreement.

Negotiations on next year's wages began with a significant difference: employers propose a 4 percent increase and unions 14 percent. In the case of the minimum wage, the employer offer, together with the planned tax reduction, can bring a net income increase of up to 13 percent.

At the meeting of the Permanent Consultation Forum of the Competition Sector and the Government (VKF) on October 20, the parties held a first round of negotiations on the minimum wage for next year. Based on preliminary negotiations, the employer side is proposing a 4 percent increase in both the gross minimum wage and the guaranteed minimum wage (skilled worker minimum wage) by 2027. Together with the planned tax cut, this could result in a net…

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Pénzcentrum broke the news on Wednesday, October 21, 2026.
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