Hungarian Conservative

‘On average, women hold one third of managerial positions in the EU. In Hungary, the figure has been 39–40 per cent since 2010, and although it dropped a little during the COVID-19 pandemic, we are still among the top member states. ILO, the UN’s labour organization, also has a rate for senior and middle management positions in its databases, which is also above 35 per cent in Hungary.’

A sustained and substantial improvement in earnings started in 2013 in Hungary. In that year the country managed to repay its previous IMF loan, giving the government more freedom to reform and restructure the tax system, including reducing taxes on labour. The six-year minimum wage agreement launched in 2017 doubled the minimum wage for jobs requiring qualifications by 2022 and increased the overall minimum wage by 80 per cent.

In the autumn legislative package, the government will broaden the competencies of general practitioners, for example, they will regain prescription rights for certain medications that were previously taken away.

It is important to remember that, compared to the stable period of 2017–2018, some 80 per cent of the rise in inflation in Hungary could be attributed to external circumstances, and only 20 per cent to strictly domestic reasons. Taking into account the ambivalent effects of the war situation and the ensuing sanctions, these rates are likely to remain important determinants of inflation developments in 2023.