Nagy said Hungarian households' incomes had recovered by the end of 2024 after the preceding years' inflation shocks. He put real wage growth around 6-7pc in 2025.

The government aims to continue wage convergence, albeit in line with economic prospects, and sees the minimum wage climbing to EUR 1,000/month and the average wage to HUF 1m/month by 2028, he added.

Nagy pointed to the need to boost the productivity of Hungarian companies, which is only about half of that of their foreign-owned peers, and said partnership agreements and strengthening supply chains could reduce that gap.

Nagy acknowledged French-owned companies' investments in Hungary and highlighted Vinci's recent acquisition of a minority stake in Liszt Ferenc International operator Budapest Airport.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.