European Union

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…

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 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…

Back in 2013, the European Union (EU) was a political and economic union of 28 member states that were located primarily in Europe.  While the European Union consists of 28 member states. Some would say  - Europe is United. Is it so? Let's figure out, who lives better and who does not.  Update: GDP Per Capita in European Union 2022 GDP per Capita in European Union  2013   2012 2013 Change $ Growth % Luxembourg 103859 111162 7303 6.56 Denmark 56364 58930…

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,…

Recently Georgia signed Association Agreement with EU, which includes Free Trade Agreement with the EU as well. Georgian Politicians were so happy, that they rushed to announce some great plans - and so the MP of Georgia announced, that Georgia is eager to have full EU membership in the next 5-10 years.  So far so good.  On the other hand, the newly elected president of the European Commission Jean-Claude Juncker has already announced, that he is not willing to see any enlargement in European…

The Ukrainian economy has struggled to reach its full potential, with a GDP per capita of $3,866 thousands in 2012. Despite recent developments, such as the signing of the Association Agreement with the European Union, Ukraine's economy remains far behind that of its neighbors, including Russia. A look at the historical GDP data for Ukraine reveals a pattern of underperformance compared to Russia. Despite being a relatively large country, Ukraine has consistently had a GDP per capita that is…

Georgia, a small country located in the Caucasus region, has recently signed an Association Agreement with the European Union (EU). The agreement, which was signed on June 27, 2014, aims to deepen the political and economic ties between Georgia and the EU, and to provide a framework for future cooperation in a variety of areas. The Association Agreement is a comprehensive document that covers a wide range of issues, including political cooperation, economic and trade relations, human rights,…

Yesterday I took a brief overview of Moldova, and today I'm eager to dive into the neighboring country of Romania. Romania is a full-fledged member of the European Union since 2007, together with Bulgaria, and is considered one of the poorest countries in the EU in terms of wealth. With a population of 21.33 million people and a GDP of 169.4 billion USD in 2012, Romania's GDP per capita is 7.942 thousands USD. Although Romania is four times richer than its neighbor Moldova, it is still five…

Moldova is a small, landlocked country located in Eastern Europe. Despite its size, Moldova has a rich history and culture and is home to a diverse population of over 3 million people. In recent years, Moldova has made significant strides towards greater integration with the European Union (EU), including the introduction of a visa-free regime for Moldovan citizens traveling to the EU. The visa-free regime, which was introduced in 2014, allows Moldovan citizens to travel to the EU for up to 90…