Hungary is a high-income mixed economy that generates a lot of investment and nurtures a skilled population. The country is one of the largest electronics providers in Central and Eastern Europe and paves the way for the industry’s innovation and fiscal growth.
Budapest, Debrecen, Szeged
Project manager, Machine operator, Sales representative
The table below mentions the universities in Hungary with ranks:
Local: 1
World: 389
Local: 2
World: 490
Local: 3
World: 520
Local: 4
World: 639
Local: 5
World: 927
Some common jobs in Hungary with average monthly salary are:
| Job Title | Average Monthly Salary (in HUF) | Average Monthly Salary (in USD) |
| Financial Manager | 957,000 HUF | 2235.92 USD |
| General Manager | 823,000 HUF | 1922.84 USD |
| Business Developer Manager | 700,000 HUF | 1635.47 USD |
| Financial Analyst | 609,000 HUF | 1422.86 USD |
| Business Analyst | 668,000 HUF | 1560.70 USD |
| Project Manager | 524,000 HUF | 1224.26 USD |
1,326,000
The Hungarian Labor Code compiles the rules and regulations that every employer in the country must follow. Deviating from the mandated rules can lead to hefty fines and punishments. This section discusses the onboarding regulations that every employer must know before hiring in Hungary.
As per the Hungarian Labor Code, the employment contracts must be written in local language and include essential information, such as compensation, benefits, working hours and responsibilities.
The probation period in Hungary is three months.
| Date | Name | Type |
| 1 January | New Year’s Day | National holiday |
| 15 March | 1848 Revolution Memorial Day | National holiday |
| 7 April | Good Friday | National holiday |
| 10 April | Easter Monday | National holiday |
| 1 May | Labor Day / May Day | National holiday |
| 29 May | Whit Monday | National holiday |
| 20 August | Hungary National Day | National holiday |
| 23 October | 1956 Revolution Memorial Day | National holiday |
| 1 November | All Saints’ Day | National holiday |
| 25 December | Christmas Day | National holiday |
| 26 December | Second Day of Christmas | National holiday |
| Type of Leave | Time Period | Mandatory |
| Annual leaves | 20 days | Yes |
| Sick leaves | 15 days | Yes |
| Maternity leaves | 24 weeks | Yes |
The payroll cycle in Hungary is monthly.
The minimum wage in Hungary is HUF 232,000.
The working hours in Hungary are capped at 8 hours per day and 40 hours per week. If an employee dedicates any additional time to office hours, they are liable to receive overtime pay at 150% of their regular salary. Overtime hours during public holidays and weekends must be compensated at a rate of 200% of the employee’s regular pay.
Hungary does not mandate 13th-month pay. However, employers can offer ad hoc or performance bonus to their employees.
| Type of Contribution | Contribution |
| Social contribution tax | 13% |
| Type of Contribution | Contribution |
| Social contribution tax | 18.5% |
The personal income tax in Hungary is 15% of the taxable gross income of an employee.
The standard rate of Value Added Tax in Hungary is 27%. Companies dealing in dairy, cereals, flour and starch products are levied VAT at a reduced rate of 18%. A further reduced VAT of 5% is applicable for new residential property, a few pharmaceutical products, literature books, audiobooks, newspapers, heating services, live performance activities, accommodation services, dining services, internet access, and certain animal products.
An employee can be terminated on the basis of mutual consent, with or without notice. The termination letter must specify the reason behind the step. The employer must pay the departing employee their wages and other payments by the third day from termination, with the relevant statements and certificates.
The notice period in Hungary is 30 days.
The severance pay for an employee is calculated as per the given table:
| Tenure of employment | Severance pay |
| 3 years | 1 month’s pay |
| 5 years | 2 month’s pay |
| 10 years | 3 month’s pay |
| 15 years | 4 month’s pay |
| 20 years | 5 month’s pay |
| 25 years | 6 month’s pay |
EU citizens can work freely in Hungary with only a registration card and a registered address. However, non-EU citizens must apply for both permits; residence and work permit to stay and work in the country.
Before starting their work, the employee must be integrated in the Hungarian taxation and social security system by the employer.
