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Eurostat: Albania has the Lowest Minimum Wage in Europe

Eurostat: Albania has the Lowest Minimum Wage in Europe

TIRANA, January 31 Despite the decision of Albanian authorities for increasing the minimum wage from Lek 24,000 to Lek 26,000 per month starting January 1st, Albania still ranks among the European countries with the lowest minimum wages. By the end of 2018, Albanian employees were...

Albania has Lowest Minimum Wage in Europe

Albania has Lowest Minimum Wage in Europe

TIRANA, February 26 In January 2018, Albania had the lowest gross minimum wage (before the deduction of tax and social security contributions) among EU member and candidate countries, of Euro 181 per month, Eurostat confirmed in a recent publication. Eurostat divides the EU member countries...

Albania, the Cheapest Country for Investments in Europe

Albania, the Cheapest Country for Investments in Europe

TIRANA, December 14 Albania has the lowest price levels for investments in Europe. According to the data provided by EUROSTAT, the cost of investments in Albania is about 55percent of the average cost in the European Union countries. The cost is calculated based on the...

Can Low Labor Cost Make Albania an Obvious Choice for Investors?

Can Low Labor Cost Make Albania an Obvious Choice for Investors?

TIRANA, November 11 Albania is the country with the lowest average hourly labor cost in Europe at Euro 2.2 for 2014. According to Eurostat the average hourly cost in the countries of the European Union is Euro 24. Even the countries of the Balkan region...