As of 1 January 2022, 21 out of the 27 EU Member States have national minimum wages, making Denmark, Italy, Cyprus, Austria, Finland and Sweden the exceptions. Based on their levels in euro, those 21 Member States can be divided into three main groups. Monthly minimum wages below €1 000 in 13 EU countries, above €1 500 in 6 The 21 EU Member States that have national minimum wages can be divided into three main groups based on their levels in euro. In January 2022, 13 Member States, located in the east and the south of the EU, had minimum wages below €1 000 per month: Bulgaria (€332), Latvia (€500), Romania (€515), Hungary (€542), Croatia (€624), Slovakia (€646), Czechia (€652), Estonia (€654), Poland (€655), Lithuania (€730), Greece (€774), Malta (€792) and Portugal (€823). In Slovenia (€1 074) and Spain (€1 126) minimum wages ranged just over €1 000 per month, while in the remaining six Member States, minimum wages were above €1 500 per month: France (€1 603), Germany (€1 621), Belgium (€1 658), the Netherlands (€1 725), Ireland (€1 775) and Luxembourg (€2 257). For comparison, the federal minimum wage in the United States was €1 110 in January 2022. Smaller gaps in minimum wages once price level differences are eliminated Across the group of 21 Member States in analysis, the highest minimum wage was almost 7 times higher than the lowest. However, the disparities are considerably smaller once price level differences are taken into account. When expressed in purchasing power standard (PPS), minimum wages in the Member States with lower price levels become relatively higher compared with those in the Member States with higher price levels. By eliminating price differences, minimum wages ranged from 604 PPS per month in Bulgaria to 1 707 PPS in Luxembourg, meaning that the highest minimum wage was almost 3 times higher than the lowest. Based on this, it is possible to distinguish two main groups: group 1 with a national minimum wage above PPS 1 000, and group 2 with a national minimum wage below PPS 1 000. Group 1 includes Luxembourg, Germany, the Netherlands, Belgium, France, Ireland, Slovenia, Spain, Poland and Lithuania. Their national minimum wages ranged from PPS 1 038 in Lithuania to PPS 1 707 in Luxembourg. While group 2 includes Romania, Portugal, Malta, Croatia, Greece, Hungary, Czechia, Estonia, Slovakia, Latvia and Bulgaria. The national minimum wages for this group ranged from PPS 604 in Bulgaria to PPS 949 in Romania. All candidate and potential candidate countries with a national minimum wage belong to group 2, with minimum wage levels ranging from PPS 401 in Albania to PPS 888 in Montenegro. The United States (PPS 920) belong to group 2.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
