Slovaks to enter Europe with lowest salaries

Slovaks have the second lowest salaries of the nations heading to the European Union next year with an average €314 per month; only Latvians earn less with an average income at €284.

Slovenská Sporiteľňa analyst Juraj Kotian gave some comfort suggesting that the size of the average wage does not give a realistic view of the quality of life in particular countries. He suggests that Slovaks will only experience the disadvantage of lower wages only when travelling to countries with higher prices.

Lower wages might still be an impulse for foreign investors to start business in Slovakia where they can buy cheap but qualified labour, he added.

Compiled by Beáta Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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