People in Slovakia work four hours to cover basic shopping expenses

A SLOVAK earning an average wage has to work almost four hours to do common shopping worth €20, according to a Poštová Banka analysis.

A SLOVAK earning an average wage has to work almost four hours to do common shopping worth €20, according to a Poštová Banka analysis.

In the analysis, the bank based its calculation on the average gross wage according to the data of the Slovak Statistics Office, earned in 20 working days in a month with eight-hour workdays.

“For one €20 banknote, we can put in our basket, for example, flour, bread, meat and meat products, milk, butter, cheese, eggs, apples and also chocolate or beer,” the SITA newswire quotes the analysis. Analysts with Poštová Banka also say that if we buy more expensive products, the amount of time worked to pay for it is longer. For example, to buy things for €50, a Slovak with an average wage has to spend 9 hours and 45 minutes at work, while shopping for €100 requires twice as much.

Analysts also say that the inevitable working time is also prolonged in the case of people who earn less than the average wage, which is the case for many Slovaks. For instance, those who earn a gross wage of €500, have to work almost 6.5 hours to be able to do €20 of shopping.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Finance Minister Peter Kažimír

Draft budget curtails deficit below 2 percent

THE BUDGET deficit should continue decreasing in following three years, according to the first public administration budget draft introduced by the Finance Ministry on July 23.

Crash site

New facts about fatal helicopter crash emerge

THE THREE members of a military helicopter MI-17 crew were training winching up people into helicopter with the help of a rope not practicing landings, when they crashed on July 28 afternoon near Prešov.

Stanislav Boledovič

Teach for Slovakia chief talks education reform

STANISLAV Boledovič, the founder of the Teach for Slovakia project, believes that it helps socially disadvantages children succeed.

Police President Tibor Gašpar

Harabin releases third convicted police officer

Another police officer convicted for corruption was released by the appellate senate chaired by Štefan Harabin with the argument that the police inspectorate that investigated his case is unlawful. The former…

MOST READ ARTICLES


  1. Slovakia’s ‘invisible minority’ counters migration fears
  2. US convoy will pass through Slovakia to NATO drill in Hungary
  3. Slovak-Austrian border development project gets €89 million
  4. Slovak among languages featured in new Google tool
  5. Slovnaft to take over the Agip petrol stations
  6. Teach for Slovakia chief talks education reform
  7. New facts about fatal helicopter crash emerge
  8. The biggest Roma festival in Slovakia spills into Bratislava streets
  9. SMK party: Dunajská Streda fans beaten up, Kaliňák must act
  10. Harabin releases third convicted police officer
  1. Slovakia’s ‘invisible minority’ counters migration fears
  2. The biggest Roma festival in Slovakia spills into Bratislava streets
  3. Helicopter crash claims one life
  4. Land Rover may go to Poland, British media report
  5. Slovakia and migrants
  6. Average salary now €929 per month
  7. US convoy will pass through Slovakia to NATO drill in Hungary
  8. Slovnaft to take over the Agip petrol stations
  9. Let's not allow ethnic conflicts to spread in Europe
  10. Kia Motors Slovakia plant makes 3 millionth engine
  1. Slovakia and migrants
  2. Slovakia’s ‘invisible minority’ counters migration fears
  3. Average salary now €929 per month
  4. Greece submits diplomatic protest against Kažimír’s comments
  5. Volkswagen Slovakia is the company’s best plant
  6. The biggest Roma festival in Slovakia spills into Bratislava streets
  7. Record heat wave tests infrastructure, patience
  8. Four die in rescue helicopter crash
  9. Helicopter crash claims one life
  10. Slovak auction house sold original bust by Bernini