Hungary's Economic Priority: Growth Before Wage Hikes

Hungary's Prime Minister Viktor Orban emphasizes the need for economic growth before significant wage increases. The target is to elevate average monthly wages to 1 million forints within 2-3 years. Orban also stated that price caps are temporary measures only suitable under extreme conditions.

In a strategic shift, Hungary's Prime Minister Viktor Orban stated that economic growth must precede wage increases to elevate the average monthly wage to 1 million forints in the next 2-3 years.

Speaking on state radio, Orban highlighted that while raising wages is crucial, the economic foundation must be solidified first.

He further noted that price caps are unsustainable over the long term, and should only be used temporarily under extreme economic scenarios.

(With inputs from agencies.)