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In Romania, the minimum wage is around 110 ?. So, the employees costs increased, but these wages are the lower of the EU. We can differentiate 3 group in Europe for the minimal wage : Bulgaria and Romania are in the lower group, which included Latvia(172 ?), Lithuania (173?), Slovakia (217?), Estonia(230?), Hungary(257?), Poland (245?) and Czech Republik (288?) (Source: Eurostat).
So, from a labour costs approach, it’s a good opportunity for our company to invest now in Bulgaria and Romania, because they are just starting their development.
2. Inflation
The average inflation rate for the whole EU is 2% in 2006...
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Common topics in this essay:
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