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The Hungarian government has announced that it will increase the minimum wage by almost 20% in 2022.
Key Points:
BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage levels. Employers should take the new minimums into account when planning their 2022 budgets.
This alert has been provided by the BAL Global Practice group. For additional information, please contact berryapplemanleiden@bal.com.
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