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Wages in CEE

22.10.2015

Companies planning to invest in new markets of Central and Eastern Europe often face a challenge of choosing an optimal country. When assessing attractiveness of markets, one of many criteria considered are wages, minimum and average.

As for the administratively stated minimum wage, the highest one among the selected major countries of Central and Eastern Europe (CEE) is in Slovenia, reaching €790. On the other hand, the lowest level of minimum wages can be recognized in Bulgaria, where earnings cannot drop below EUR 194. Since the 1st of January 2015, minimum wage in Slovakia has been set to €380. The Czech Republic has had lower level of minimum wages as compared with Slovakia since 2012 and this trend still maintains – today’s level of minimum wages is €338 in the Czech Republic. Among the V4 countries, the lowest level of minimum wages is in Hungary, at the level of €333.

Source: Eurostat. Compiled by: MARKETiN CEE. 

 Cleaned from tax burden, monthly average wage is again the highest in Slovenia – reached €994 in 2014. However, the positions of such countries as the Czech Republic, Slovakia and Poland are different in this case. Among the V4 countries, the highest average wage is in the Czech Republic (€726), followed by Slovakia (€665), Poland (€619) and finally Hungary (€532).
 

Source: Eurostat. Compiled by: MARKETiN CEE. * Data for Romania and Bulagaria are for 2013.


Wages in all CEE countries keep rising year over year, and low labour costs are gradually loosing the position of main competitive advantage, especially in Central Europe. As far as human resources are concerned, countries in the CEE region are beginning to compete more through a good access to qualified work-force rather than through low costs. 

 


MARKETiN CEE is a company providing market intelligence, research, consulting, matchmaking and other support services for business development in Central and Eastern Europe.

For more information about MARKETiN CEE, please visit our website www.marketincee.com
In the case of any question about this article or other questions, please contact us.

 

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