Minimum Wage in the Czech Republic is €519; 6th Lowest in EU
Despite a recent increase, the National Minimum Wage in the Czech Republic is the 6th lowest in the European Union. Photo credit: Pexels.
Prague, Feb 7 (JS) – 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.
Written by Jack Stephens