The minimum wage in Slovakia is one of the worst in Europe

Only 21 countries of the European Union have a guaranteed lower income limit in place. Slovakia ranked 15th this year with 580 euros. They have the lowest minimum wage in Bulgaria, where a person receives 312 euros for a ‘minimum’. Countries that do not have a minimum wage include Denmark, Italy, Cyprus, Austria, Finland and Sweden.

Minimum wage in our country and in Europe

“It has increased in almost all countries of the Union this year minimum wage. More significant in our country, from 520 to 580 euros. Aj Bulhari, who for many years have unflatteringly the lowest ‘minimum’, have felt year-on-year increase of 26 euros. Together with the Slovaks, they are among the ten countries that have a ‘minimum’ of up to € 700, ”says the analyst Slovak Savings Bank Lenka Buchláková.

These are countries such as Lithuania (430 euros), Romania (446 euros), Hungary (487 euros), Croatia (546 euros), Czech Republic (575 euros), Poland (€ 611), Estonia (€ 584) and Latvia (€ 607). In five countries EU wages range from 700 to 1000 euros. This is Portugal (EUR 741), Greece (€ 758), Malta (€ 777), Slovenia (€ 941) and Spain (1050 eur).

The highest minimum wage is also received in 2020 by people in France (1539 euros), Germany (1584 euros), Belgium (1594 euros), the Netherlands (1636 euros), Ireland (EUR 1656) and Luxembourg (EUR 2142). They have grown significantly this year minimum wages in Central and Eastern Europe, except Slovakia for example in the neighboring Czech Republic by more than 40 euros.

The most vulnerable groups of the population

According to the analyst, it is interesting that the differences in minimum wages in the EU Member States, after taking into account differences in price levels significantly smaller than last year. Minimum wage in the Member States with a lower price level, when expressing purchasing power parity (PPS) relatively increased and, on the contrary, is relatively lower in the Member States with higher price levels.

“Due to lower incomes, many Slovaks do not know anything every month to save. Nevertheless, according to our data, Slovaks can do it on average put aside 65 euros per month. It is more complicated in the case of singles women and mothers or fathers in care about the baby yourself.

They are among the most vulnerable groups of the population who do not know how to face them unexpected financial expenses, such as a broken washing machine or car. Single mothers or fathers often have difficulty coping financially Tighten your monthly expenses if they have a small child that is out of sight finances the most demanding, ”says the analyst.

Only 21 countries of the European Union have a guaranteed lower income limit in place. Slovakia ranked 15th this year with 580 euros. They have the lowest minimum wage in Bulgaria, where a person receives 312 euros for a ‘minimum’. Countries that do not have a minimum wage include Denmark, Italy, Cyprus, Austria, Finland and Sweden.

Minimum wage in our country and in Europe

“It has increased in almost all countries of the Union this year minimum wage. More significant in our country, from 520 to 580 euros. Aj Bulhari, who for many years have unflatteringly the lowest ‘minimum’, have felt year-on-year increase of 26 euros. Together with the Slovaks, they are among the ten countries that have a ‘minimum’ of up to € 700, ”says the analyst Slovak Savings Bank Lenka Buchláková.

These are countries such as Lithuania (430 euros), Romania (446 euros), Hungary (487 euros), Croatia (546 euros), Czech Republic (575 euros), Poland (€ 611), Estonia (€ 584) and Latvia (€ 607). In five countries EU wages range from 700 to 1000 euros. This is Portugal (EUR 741), Greece (€ 758), Malta (€ 777), Slovenia (€ 941) and Spain (1050 eur).

The highest minimum wage is also received in 2020 by people in France (1539 euros), Germany (1584 euros), Belgium (1594 euros), the Netherlands (1636 euros), Ireland (EUR 1656) and Luxembourg (EUR 2142). They have grown significantly this year minimum wages in Central and Eastern Europe, except Slovakia for example in the neighboring Czech Republic by more than 40 euros.

The most vulnerable groups of the population

According to the analyst, it is interesting that the differences in minimum wages in the EU Member States, after taking into account differences in price levels significantly smaller than last year. Minimum wage in the Member States with a lower price level, when expressing purchasing power parity (PPS) relatively increased and, on the contrary, is relatively lower in the Member States with higher price levels.

“Due to lower incomes, many Slovaks do not know anything every month to save. Nevertheless, according to our data, Slovaks can do it on average put aside 65 euros per month. It is more complicated in the case of singles women and mothers or fathers in care about the baby yourself.

They are among the most vulnerable groups of the population who do not know how to face them unexpected financial expenses, such as a broken washing machine or car. Single mothers or fathers often have difficulty coping financially Tighten your monthly expenses if they have a small child that is out of sight finances the most demanding, ”says the analyst.