Minimum Wage in Hungary not Catching up to EU
- 23 Feb 2022 9:37 AM
- Hungary Around the Clock
The Hungarian minimum wage, after the increase made this year, is the fourth lowest in the EU, having been fifth lowest in 2010, Népszava reports, citing Eurostat figures.
In the 12 years of Fidesz governing, the Hungarian minimum wage has doubled in euro terms and almost tripled in forints.
It was Ft 73,500 per month in 2010, now it is Ft 200,000, but due to the depreciation of the forint, it rose to only €542 from €272.
Meanwhile, in the Czech Republic, Slovakia and Poland, where the minimum wage was higher than in Hungary 12 years ago, the figure has more than doubled in euro terms.
In Lithuania, which lagged behind Hungary in 2010, the minimum wage has increased by 214% from €232 to €730.
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