The National Confederation of Workers’ Councils agrees with the proposal of the central bank according to which the efficiency of retraining programs for public employees should be enhanced.
According to the trade union confederation, the level of Hungarian real wages should be doubled in order to reach the level of the European or 80 percent of the Austrian average wage. In the opinion of the Hungarian National Bank, productivity can be boosted and the GDP can be significantly increased by actions taken to promote sustainable convergence and competitiveness besides full employment. Thus, the present level of the Hungarian economic development of 55 percent could be increased to 80 percent by 2028, when Hungarian wages could exceed four fifths of the Austrian wages.