Eurostat has published data on minimum wages in EU countries, which show significant differences: from €551 in Bulgaria to €2,704 in Luxembourg.
According to the report, the minimum wage is officially established in only 22 of the 27 EU countries. In Denmark, Italy, Finland, and Sweden, there is no legislative regulation of the minimum wage.
Countries with the highest minimum wage (in euros, August 2025):
Luxembourg — €2,704
Ireland — over 2,000
Netherlands — over 2,000
Germany — over 2,000
Belgium — over 2,000
Medium level (from 1,000 to 1,500 euros):
– France, Slovenia, Spain, Poland, Lithuania, Estonia, Czech Republic, Portugal, Croatia, Slovakia, Greece.
Low level (from €600 to €900):
– Hungary, Latvia, Romania.
Minimum in the EU:
– Bulgaria – €551.
Experts note that such significant differences reflect both the level of economic development of countries and their social policies. High minimum wages are characteristic of Western European countries, while in Eastern Europe, base rates remain several times lower.
The eurozone economy grew by 0.4% in the third quarter of 2024 compared to the previous three months, according to a report by the European Union Statistical Office (Eurostat).
This is the highest quarterly increase in two years. The consensus forecast of experts surveyed by Trading Economics also assumed that GDP growth would remain at 0.4%.
In annualized terms, the eurozone’s GDP grew by 0.9% in July-September, which also coincided with market expectations. In the second quarter, the euro area economy grew by 0.2% quarter-on-quarter and 0.5% year-on-year. In the third quarter, consumer spending in the euro area increased by 0.7% compared to the previous three months, government spending by 0.5%, and gross fixed investment by 2%. Exports decreased by 1.5%, while imports increased by 0.2%.
Germany’s GDP in the third quarter increased by 0.1% compared to the previous quarter and decreased by 0.3% in annual terms, France’s increased by 0.4% and 1.2% respectively, Italy’s remained unchanged quarter-on-quarter and increased by 0.4% in annual terms.
The EU economy in July-September grew by 0.4% compared to the second quarter and by 1% compared to the same period last year.
Earlier, the Experts Club think tank released a video analysis of the economies of Ukraine, Europe, and the world, see the video on the Experts Club YouTube channel for more details: https://www.youtube.com/watch?v=grE5wjPaItI
http://relocation.com.ua/ekonomika-ievrozony-v-tretomu-kvartali-2024-roku-zrosla-na-0-4/
The number of bankrupt companies in the EU in the second quarter of 2023 increased for the sixth consecutive quarter and reached 106, the highest since the beginning of data recording, i.e. since 2015, according to the European Union Statistical Office (Eurostat).
In quarterly terms, the number of bankruptcies increased by 8.4%.
At the same time, the number of new company registrations decreased by only 0.6% to 124. The figure has been stable around 120 companies since the third quarter of 2020 after falling to 80 at the height of the coronavirus pandemic.
The most notable increase in the number of bankruptcies in April-June was recorded in the hotel and catering sectors (by 23.9% compared to the first quarter), as well as in the transport and warehousing sector (by 15.2%).
The number of bankruptcies also increased in almost all sectors compared to the pre-pandemic fourth quarter of 2019. The only sectors where the number of bankruptcies decreased during this period were industry (-11.5%) and construction (-2.7%).
