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CEE Governments Plan To Increase Minimum Wage for 2022

EMERGING MARKETS
  • Polish government proposed to raise the minimum wage to PLN 3,010 in 2022 (7.5% hike), up from PLN 2,800 this year, which is slightly above the 7.1% (PLN 3,000) initial proposal earlier this year.
  • In Hungary, consultations for next year's minimum wage increase has started, with the government planning to raise it to HUF 200K, up from HUF 167,400 in 2021 (+19.5% increase).
  • PM Orban previously said in public that one of the government's major new goals was to increase the minimum wage to HUF 200K .
  • Hungary has currently one of the lowest minimum wage in the EU, second to last according to Eurostat (see chart below).


Source: Eurostat

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