Statutory minimum wages
The legislation of all countries in the report makes provision for a national minimum wage. The rates of minimum wages are regularly adjusted to reflect developments in labour markets.
For a small proportion of the workforce in elementary low-skill jobs, the minimum wage has a direct impact, particularly in the services sector. It also constitutes an important benchmark for earnings expectations.
Minimum wages as of January 1st 2010 were highest in Slovenia at €597 a month. In Croatia they were second highest at €383. For the Baltic and Visegrad-4 states minimum wages were in the range of €230–310.
Bulgaria and Romania had minimum wages at about half the level of the previous
group at €120–140. The minimum wage in Russia was just below €100
and in Ukraine €80.
Statutory
minimum gross monthly wages, CEE countries on January 1st 2010
|
|||
| Country | Local currency | Euro | US dollar |
| Bulgaria | 240 | 123 | 171 |
| Croatia | 2 814 | 383 | 533 |
| Czech Republic | 8 000 | 303 | 420 |
| Estonia | 4 350 | 278 | 387 |
| Hungary | 73 500 | 262 | 363 |
| Latvia | 180 | 256 | 356 |
| Lithuania | 800 | 232 | 322 |
| Poland | 1 317 | 304 | 423 |
|
Romania
|
600 | 142 | 197 |
|
Russia
|
4 330 | 98 | 137 |
|
Slovakia
|
308 | 308 | 429 |
|
Slovenia
|
597 | 597 | 833 |
|
Ukraine
|
869 | 80 | 112 |
| |
|
|
|
|
exchange rates: yearly averages 2009 Source: Database Central Europe |
|||
Looking at the relative level of minimum wages the ratio of minimum to average wages is highest in Ukraine at around 46% followed by Poland, Slovenia. Slovakia and Bulgaria where minimum wages were above 40% of the previous year’s average earnings. In Russia minimum wages are lowest at 23% of average earnings, with the remainder of the countries having established minimum wages at 32–39% of average earnings.
Over the 2005–2009 period minimum wages calculated in Euro increased
five-fold in Russia. In Bulgaria, Latvia and Romania they increased by over
100% and in Slovakia by 90%. Compared to 2004 minimum wages in Euro increased
the least in Hungary and in Slovenia at close to 20% while in other countries
they grew by 40–80%.

Minimum monthly wages as of January 1st 2010 in percent of average gross earnings 2009


