Minimum wage set to increase in 2022
29 Dec 21
The Hungarian government has announced that it will increase the minimum wage by almost 20% in 2022.
- Hungary’s monthly national minimum wage will increase on by 32,600 Hungarian forint from 167,400 HUF to 200,000 HUF.
- The monthly minimum wage for skilled workers will increase by 41,000 HUF from 219,000 HUF to 260,000 HUF.
- The new minimum wage will take effect Jan. 1, 2022.
BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage levels. Employers should take the new minimums into account when planning their 2022 budgets.
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