Minimum wage is the lowest amount a worker can be legally paid for his work. Minimum wage figures are gross (pre-tax) rates for full time work (+23 years old) and exclude any 13th or 14th month payments that may be due under national legislation, collective agreements, custom or practice.
| 2011 | 2012 | |||
| Monthly minimum wage (EUR) |
Monthly minimum wage | Monthly minimum wage (EUR) |
Hourly rate | Hourly rate (EUR) |
| 280.60 | 92,000 forint | 319.58 | 530.26 forint | 1.84 |
The calculations are based on the assumption of a 40-hour working week and a 52-week year. Currency conversions from non-euro currencies are based on the exchange rates available on 29 June 2012.
Note: Hungary: the minimum wage is 20% higher than the basic national minimum for those with secondary or vocational education but under two years’ experience, and 25% higher for those with at least two years’ experience or older than 50 years of age. Employees with university-level education are entitled to a minimum wage that is 60% higher than the basic national minimum.Source: Eurostats, FedEE, Wiki
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