Spectator on facebook

Spectator on facebook

Average salary measured at €821 per month in Q1 2014

THE AVERAGE nominal monthly salary reached €821 in the first quarter of 2014, with the pace of growth accelerating by 1.6 percentage points to 4.1 percent year-on-year, the Slovak Statistics Office (ŠÚ) reported on June 4.

THE AVERAGE nominal monthly salary reached €821 in the first quarter of 2014, with the pace of growth accelerating by 1.6 percentage points to 4.1 percent year-on-year, the Slovak Statistics Office (ŠÚ) reported on June 4.

A low rise in consumer prices also coupled with an increase in the nominal salary resulted in a year-on-year hike of 4.2 percent in real salaries. Meanwhile, the seasonally-adjusted nominal monthly salary rose by 1 percent on a quarterly basis.

A breakdown of the figures for the first quarter of 2014 reveals that the sector of financial and insurance activities posted the highest average salaries (€1,796 per month), followed by information and communications activities (€1,709) and supplying electricity, gas and steam (€1,358). The lowest average salaries were found among employees in accommodation and catering services (€463), miscellaneous activities (€513) and construction (€566).

Wages grew the fastest in financial and insurance activities (16.7 percent), followed by extraction and quarrying (13.7 percent) and administrative services (9.9 percent), the TASR newswire reported, quoting the ŠÚ data. The biggest drops were seen in expert, scientific and technical activities (2.1 percent), construction (1.9 percent), and water supplies (1.2 percent).

Of the country's eight regions, only Bratislava Region had a higher-than-average mean nominal monthly salary (€1,098). The average salaries in the remaining regions ranged between €605 in Prešov Region and €744 in Trenčín Region.

(Source: TASR)
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

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.