Wednesday, November 22, 2006

Vecer: Macedonia Pays Lowest Wages in the Region

Skopje. The average net salary in Macedonia is too low and amounts to only EUR 218, official data of Macedonian central bank shows, the Vecer daily reports.
Compared to the rest of the countries in the region only the average net salry in Bulgaria is lower – EUR 172, while the highest salaries for the first half of the year have been paid in Slovenia and Croatia – EUR 757 and EUR 622 respectively.
The low wages in Macedonia defines the low standard of living in the country, as well as the low purchasing ability and the comparatively weak credit activity of the population, experts say. This also affects the economic growth, which stands at 4% this year. In contrast to the low level of wages in Macedonia, the total expense on payments after taxation is extremely high.

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