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Persons who have acquired long-term resident status [1] in Belgium are treated like Belgian workers, i.e. they do not need a work permit. Persons who have acquired long-term resident status in another EU country can profit from a fast-track procedure for work permits for professions for which it is officially recognised that labour is short .
The economy of Belgium is a highly developed, high-income, mixed economy. [18] Belgium's economy has capitalised on the country's central geographic location, and has a well-developed transport network, and diversified industrial and commercial base. Belgium was the first European country to join the Industrial Revolution in the
Location of Belgium. Belgium is a sovereign state in Western Europe bordered by France, the Netherlands, Germany, Luxembourg, and the North Sea. It is a small, densely populated country which covers an area of 30,528 square kilometres (11,787 sq mi) and has a population of about 11 million people.
The Federation of Enterprises in Belgium (Dutch: Verbond van Belgische Ondernemingen, VBO, French: Fédération des Entreprises de Belgique, FEB) is the only Belgian non-profit organization representing companies in all three regions of Belgium.
The following list provides information relating to the (gross) minimum wages (before tax & social charges) of in the European Union member states. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [1] Belgium (38 hours), [2] Ireland (39 hours), [1] and Germany (39.1 hours).
Some historians have criticised the use of the term economic miracle to describe the period. According to historian Martin Conway, the term is "singularly inappropriate" to describe Belgian economic recovery during the period because "growth rates, salaries, and levels of investment lagged substantially behind, and production costs significantly above, those of Belgium's competitor economies". [8]