New Wage Deal Paves Way for Growth and Record Investments [Video]

Hungary has set ambitious goals for 2025, aiming for over 3% economic growth and a historic wage increase under a newly signed three-year agreement. As part of its broader economic strategy, the government plans extensive public investments while emphasizing collaboration among workers, employers, and the state.

At the signing ceremony, Prime Minister Viktor Orbán called the agreement “historic,” targeting a 40% minimum wage increase by 2027. The real value of wages is expected to rise by 29%, reaching 50% of the average wage. He highlighted the economic optimism underpinning the plan, stating,

we have to be at the top of the chasing pack with a chance of catching up with the best.”

However, he acknowledged challenges, particularly the European economy’s struggles due to ongoing geopolitical instability.

Public investments are central to Hungary’s strategy. The Prime Minister announced a “public investment boom” in 2025, with 300 projects worth HUF 8100B (EUR …