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Slovakia has the highest labour price among 11 CEE countries

The comparison of 11 countries (of which nine are EU members) in three salary categories shows Slovakia has some of the highest labour costs.

Labour, illustrative stock photo(Source: Sme)

A study of the TPA company conducted in 11 countries in central and south-eastern Europe used annual gross salary to compare the labour costs in three categories of salary levels. These levels correspond with three various positions within an organisation, the SITA newswire wrote on February 13.

In the categories of €40,000 and €90,000 annual salary, Slovakia has the highest overall labour price among these countries – the Czech Republic, Austria, Hungary, Poland, Romania, Croatia, Slovenia, Serbia, Albania and Bulgaria.

Except for Serbia and Albania, they are all European-Union member states, and thus, they fall under the jurisdiction of EU legal norms in social security.

When a yearly salary of €150,000 is considered, the total labour price in Slovakia is the second highest, after Hungary.

If the annual salary is €40,000 or €90,000, the difference between the total labour price and the net salary is the largest in Slovakia.

TPA is a consultancy company operating in central and south-eastern Europe which focuses on tax consultancy, accountancy and audits, employing around 1,000 people in 27 offices, according to SITA.

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