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The Hungarian government will continue to reduce workers’ tax burden

The government's aim is to make Hungary one of the best countries in Europe to live and work by 2030.

Companies and organizations that are at the forefront of creating quality jobs, adopting a family-friendly approach, providing opportunities for development and advancement, or consciously and consistently promoting well-being in their everyday practices are being recognized for the sixth time with the Responsible Employer of the Year awards, László Palkovics, Minister of Innovation and Technology, said. 

The minister said the government will continue to reduce the tax burden of work and build a work-based economy and society, adding that building on the achievements and unquestionable successes achieved together, the goal remains full employment.

Few EU member states have been able to achieve more dynamic growth in domestic employment over the past decade than Hungary. Unemployment rates, which had fallen to double digits under left-wing governments, have been brought down to a record low of around 3 percent a year, he said.

As a result of the new agreement reached with employers and workers’ representatives, the minimum wage will be HUF 200,000 and the guaranteed minimum wage HUF 260,000 from January 2021. 

The minister stressed that the increase in wages should in no way jeopardize the viability of SMEs, which provide two-thirds of workers’ income. All companies are encouraged to increase real wages in line with their given business and wage-market situation by using the savings from tax cuts to do so, he said.

OFA Nonprofit Ltd. has been running its Responsible Employer of the Year competition since 2016, which aims to recognize domestic employers for whom human resources are a core value. 

The awards were given in five categories, and a special prize from the Hungarian Chamber of Commerce and Industry was awarded to the most outstanding applicant in the field of training and vocational education. 

The winners of the Responsible Employer of the Year 2021 are:

  • Responsible Employer of the Year 2021:  Duna-Dráva Cement Ltd.
  • Large Company category: Waberer’s-Szemerey Logisztika Ltd.
  • Medium Business category: Tali-Immo Ltd.
  • Small Business category: IncQuery Labs Ltd.
  • Public Sector category: National Tax and Customs Administration
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