Minimum Wage in the Czech Republic is 6th Lowest in European Union
New data from Eurostat, the EU’s statistical office, shows that out of the 22 countries in the union which have a National Minimum Wage, the Czech Republic’s is the sixth lowest – despite a recent increase. Photo credit: Freepik.
Brno, Feb 7 (BD) – The minimum wage in the Czech Republic is €519, ahead of Croatia (€506), Hungary (€464), Romania (€446), Latvia (€430), and Bulgaria (€286). Denmark, Cyprus, Italy, Austria, Finland, and Sweden do not have a National Minimum Wage. The highest minimum wage in the EU is in Luxembourg (€2,071 Euros), more than seven times the figure in Bulgaria. When adjusted for purchasing power, the figure in Luxembourg was just under three times that of Bulgaria.
The minimum wage in the Czech Republic rose in January, to CZK 13,350 per month. As well as increasing wages for the lowest paid workers, any rise in the base rate affects a number of other tax rates, social payment limits, and tax relief thresholds. (Read more in our previous article: “Minimum Wage in the Czech Republic Increases to CZK 13,350”)
Get the news first! Sign up for free to our daily newsletter here. Top stories of the day in your mailbox every morning.