BUSINESS BRIEFS

Slovaks among poorest entering EU

SLOVAKIA's citizens have the second lowest salaries among countries heading to the European Union next year, with an average wage of €314 per month. Only Latvians earn less with an average income of €284 per month.

Slovenská sporiteľňa analyst Juraj Kotian, however, gave some comfort to the news, 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 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 because they will still be able to hire cheap but qualified labour, Kotian added.

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