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Eurostat: Romania doubled the minimum salary in the last 10 years
With a minimum salary of 275 euro, Romania is the last but one place in the ranking of the member states,Bulgaria being the only country where there is a lower salary – 235 euro, the press release from Eurostat says, published on 10 February. At the other end, with a mimum salary per economy of 8.5 higher than that of Bulgaria is Luxembourg where the minimum salary is 1,999 euro.
In comparison with the minimum salary of 2008 of only 139 euro,Romania recorded significant progress, managing to double the salary in 10 years. This growth places our country second in Europe from the point of the view of salary modifications, but the gap to the European average is significant.
According to the data of the Statistics Office of the EU (Eurostat) on 1 February 2017, 22 out of the 28 member states of the EU used a minimum national level of salary, with the exception of Austria, Cyprus, Denmark, Italy, Finland and Sweden.
The data show three main groups of member states as regards the level of the minimum level of salary, in euro:
- minimum salary under 500 euro per month- there are ten member states, all situated in the eastern part of the Union: Bulgaria (235), Romania (275), Latvia and Lithuania(both 380), the Czech Republic (407), Hungary (412), Croatia (433), Slovakia (435), Poland (453) and Estonia (470);
- minimum salary between 500 and 1,000 euro – five member states, situated in the southern part, come under this category: Portugal (650), Greece (684), Malta (736), Slovenia (805) and Spain (826);
-minimum salary over 1,000 euro- seven member states, all situated in the north-west region of Europe, are included in this category: Luxemburg (1.999), Ireland (1.563), the Netherlands (1.552), Germany (1.498 ), France (1.480)and the UK (1.397)
The ratio 1:9 between the smallest and the biggest minimum salary in the EU is reduced to 1:3 when we take into consideration the standard purchasing power, as the member states with reduced minimum salaries have, in general, relatively reduced prices as compared to those where the minimum salaries are higher.