Romania has overtaken Hungary and Bulgaria in average wages, but remains last in the EU
Published
Romania has overtaken Hungary and Bulgaria in terms of average wages, according to recently published information. It is a progress that shows incomes in our country are rising, even if the pace may vary from one year to another.
Although the average wage in Romania has grown compared with neighbouring countries, it remains the lowest in the European Union. The gap compared with more developed Member States is still large, and many employees feel that their incomes do not fully cover the cost of living. Prices for food, housing and energy have risen in recent years, which makes purchasing power an important concern.
Specialists say that so-called economic convergence, meaning the narrowing of living standards compared with the rest of Europe, takes time. Labour productivity, investment and the skills of the workforce are factors that directly influence the level of wages. As a result, income growth depends on several elements, not only on decisions regarding the minimum wage.
In conclusion, the data shows a positive trend compared with Hungary and Bulgaria, but Romania is still in last place in the European Union. For Romanian citizens, this means that improving living standards remains an important goal for the years ahead.
Sources: www.goldring.ro
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