Hungary Warns Wage-Hike Plan at Risk From Weak Economy
Hungary's government warned it may need to renegotiate minimum wage hikes planned for 2026 due to weaker-than-expected growth, in the latest downbeat economic outlook from officials.
The cabinet prefers to reconsider substantial minimum wage hikes if that would hurt local companies, Economy Minister Marton Nagy said at a conference in Budapest Monday. If economic or wage growth lags forecasts, the government will be open to renegotiating a previously agreed wage deal later this year, he added.
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