Hungary Increases Minimum Monthly Wage from January 2023

Hungary published Government Decree 573/2022 in the Official Gazette on 23 December 2022, increasing the standard minimum monthly wage from HUF 200,000 per month to HUF 232,000 per month for full-time employees with effect from 1 January 2023. For employees in positions requiring at least secondary-level qualifications or vocational training, the minimum monthly wage is increased from HUF 260,000 per month to HUF 296,400 per month. Weekly, daily, and hourly minimum wages are also provided fo…