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€12.70 (US$14.2) per hour, with sub-minimal rates for those aged 19 €11.43 (90% minimum), aged 18 €10.16 (80% minimum) and for those under the age of 18 €8.89 (70% of minimum) [111] Eurostat calculates the monthly rate for Ireland as (hourly rate x 39 hours x 52 weeks) / 12 months.
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
In mid July 2022, the euro and the US dollar traded at par for a short period of time during an episode of dollar appreciation. [18] On 11 July 2024, it recorded a new high against the Japanese yen during a long period of depreciation of the latter.
It was last increased to 12 euros per hour pre-tax in October 2022. [2] Due to inflation, in December 2022 this wage was worth as much as 9.80 euros were worth in January 2015. [3] [4] [5] A €12 wage implies a gross nominal monthly salary of €2,080 for a full-time employee, meaning someone working forty hours per week. [6]
The minimum wage in Poland is the lowest monthly or hourly remuneration that employers are legally allowed to pay their workers in Poland.The sum is decided by the Polish government.
The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon ), crossed by two lines instead of one. Depending on convention in each nation, the symbol can either precede or follow the value, e.g., €10 or 10 € , often with an intervening space.
The gap between the Irish corporate headline rate of 12.5%, and the much lower Irish corporate effective rate of 2–4%, is a source of controversy: Many of the multinationals gathered at the Four Seasons [in Dublin, Ireland] that day pay far less than 12.5 percent tax, their accounts show.
Following liberation in 1944, the franc entered into the Bretton Woods system, with an initial exchange rate of 43.77 francs = US dollar set on 5 October. This was changed to 43.8275 in 1946 and then to 50 following the devaluation of sterling in September 1949. The Belgian franc was devalued again in 1982.