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Monday, August 22, 2005

Romania has lowest minimum wage in EU

According to a study by the statistics institute of the European Union, Eurostat, Romania ranks last compared with 18 member states of the EU and two candidate countries (Bulgaria and Turkey).

The minimum wage recorded in Romania in January 2005 was 72 euros, while Bulgarians receive at least 77 euros and Turkish workers 240 euros per month.

The minimum wage is fixed by the government, usually after consultation with social partners, and this is enforced by law.

The Eurostat study establishes Luxembourg as the country with the highest minimum wage; 1,467 euros in January 2005. Second place is held by the Netherlands, with a 1,265 euros minimum wage, and Belgium - 1,210 euros. Of EU member states, the lowest minimum salaries are paid in Latvia - 116 euros, while in Lithuania the minimum wage is 145 euros.

In the USA, the Federal minimum wage is 666 euros ($809.50), though a number of individual States have a higher figure.

Posted by Iulia Rasoiu : 8/22/2005 11:20:00 am