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Thursday, May 23, 2024
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Montenegro’s minimum wage lags behind European standards

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A recent Eurostat report unveiled the minimum wage index across European nations, shedding light on the gross figures of minimum earnings, encompassing both EU members and those aspiring for EU candidacy.

In Montenegro, the minimum gross wage stands at 532 euros, slightly lower than Serbia’s 544 euros, as per Eurostat data. Bulgaria follows closely with 477 euros, trailed by Albania at 385 euros, North Macedonia at 360 euros, and Bosnia and Herzegovina at 316 euros.

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Across the border in Turkey, the minimum wage is notably higher at 613 euros.

Eurostat’s findings revealed significant wage disparities within the EU. Luxembourgers enjoy the highest minimum wage at 2,571 euros, with Ireland not far behind at 2,146 euros, followed by the Netherlands at 2,070 euros, and Germany at 2,054 euros.

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Among the EU states, fourteen out of twenty-two have minimum wages below 1,000 euros, while Denmark, Italy, Austria, Finland, and Sweden do not prescribe a national minimum wage. Similarly, countries within the European Free Trade Association (EFTA), such as Norway, Switzerland, and Iceland, also lack such legislation.

Spain and Slovenia are among the nations with minimum wages ranging from 1,000 to 1,500 euros.

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