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.

Get daily Slovak news directly to your inbox

Top stories

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo