Investments

A time ago I measured what is the minimum government set wage in European Union (EU). It turned out - the most minimum wage is received in Luxembourg while the least in Romania. In today's article - average salary in EU for the year of 2014. Update: Average Salary in European Union 2018 Average salary in European Union 2014 Rank Country USD NET EUR NET Year 1 Luxembourg 3986.25 3189 2010 2 Denmark 3902.5 3122 2012 3 Sweden 3362.5 2690…

Armenia, a small, landlocked country in the South Caucasus, joined the Eurasian Economic Union (EEU) in 2015. The EEU is an economic bloc that includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia. Joining the EEU marked a significant shift in Armenia's foreign policy and has had major implications for its economy. One of the primary benefits of joining the EEU was improved access to the Russian market. Russia is a major trading partner for Armenia, and the EEU membership has…

When it comes to choosing where to invest your money, finding a high-yield savings account is a priority for many. Across Europe, there are numerous banking institutions offering competitive interest rates on deposits. In this article, we will compare the highest deposit interest rates in both European Union (EU) member states and non-EU countries, so you can make an informed decision about where to save your money. European Union Countries with the Highest Deposit Interest Rates Currently,…

The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are a group of developing economies that are expected to have a significant impact on the world economy in the coming years. This acronym was created in 2010 to represent the economies of these five countries, which have a combined population of over three trillion and represent about 40% of the world's population. The BRICS countries are also all G20 countries, making them a significant economic force in the…

In the wake of the recent power outage in Tbilisi, I decided to delve into electric power consumption in the Former Soviet Union (FSU) space. In this article, I explore the kWh per capita consumption in various FSU countries, based on data from the World Bank. Surprisingly, Russia, with a minimum wage of $160 per month, has the highest kWh per capita consumption, followed by Estonia, which has a higher standard of living. This article serves as a starting point to better understand the economy…

The European Union (EU) is a massive economic force, with a combined GDP that would make it the world's largest economy if it were viewed as a single entity. However, it is important to remember that the EU is made up of 27 independent member states (as of 20213) each have its own unique economic challenges and strengths. In this article, we will examine the individual GDPs of each member state in the EU. The GDP of a country is a measure of its economic output and is calculated by adding up…

The GDP of the former Soviet Union countries has been a topic of interest for many economists, politicians, and individuals alike. The economic performance of these countries is seen as an indicator of their growth and development. In 2013, the GDP of the former Soviet Union countries was a mixed bag of growth and decline. This article will take a look at the GDP performance of these countries in 2013. Russia, the largest country in the former Soviet Union, had a GDP of $2.1 trillion in 2013…

The collapse of the Soviet Union in 1991 marked the beginning of a new era for the countries of the former Soviet Union. With the fall of the Soviet regime, many of these countries were left to fend for themselves, struggling to build new economies and establish new political systems. Today, the former Soviet Union countries are still grappling with the legacy of the Soviet era, and economic development remains a major challenge. In this article, we will take a look at the GDP per capita of…

The minimum wage is set by the government as the minimum standard of guaranteed income (hourly/monthly) that a worker should receive for the work he/she performs. In 2014, there were 22 countries out of 28 in European Union, which had their national minimum wages set. 6 countries out of 28 have no minimum wage set by the government at all, but they have some collective bargaining agreements. Countries that don't have a minimum wage set by the government in European Union - Austria, Denmark,…

It has been six months since I last analyzed the minimum wages in the former Soviet Union. Although it is not a major factor in economic growth, the minimum wage is still a relevant indicator in understanding a country's economic status. In my previous research in 2013, I found that Estonia had the highest minimum wage of $427, while Kyrgyzstan had the lowest at just $17 per month. In this updated analysis for 2014, the highest minimum wage is still in Estonia, with an increase to $480, and…