Czechs Earn Higher Wages Than Poles, Hungarians and Slovaks
The average monthly wage in Czechia is the highest among the Visegrád Group countries and has enjoyed year-over-year growth of 12 percent, according to the annual study by Mazars. The consulting company compares the tax systems of 22 countries across Central and Eastern Europe to ascertain the current level and annual growth of wages on the continent. The average wage in Czechia is €1,533, topping Hungary at €1,369, Poland at €1,301 and Slovakia at €1,185, respectively. Germany has retained the highest average wage in Central and Eastern Europe at €4,130, with Austria following closely behind at €3,818. By contrast, the lowest average wage is €400 in Kosovo, €450 in Bosnia-Herzegovina, and €485 in Ukraine. According to data from the Czech Statistical Office, the average wage in the Czech Republic rose 7.2 percent year over year to 37,929 korunas (€1,534) in the first quarter of this year but fell by 3.6 percent in real terms after inflation. The differences in the growth of the average wage in euros were more significant in the region than before. Germany, where average wages rose by 14 percent based on last year’s study, grew by only 4 percent. On the contrary, the wage level in Austria grew faster, by 23 percent. In Hungary, growth...