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Home Malta

Malta registers minimum wage increase, but slips down EU rankings

February 21, 2025
in Malta
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Malta’s national minimum wage rose between January 2024 and January 2025 from €925 to €961 per month, data published by the European Foundation for the Improvement of Living and Working Conditions shows.

The minimum wage increase in Malta was 3.9%. However, Malta slipped down the rankings of EU countries.

In January 2024, Malta had the 12th highest minimum wage in the EU out of the countries that have a minimum wage. In January 2025 however, Malta had the 15th highest.

The countries which surpassed Malta’s minimum wage in January 2025, were Lithuania, Greece and Croatia.

In Croatia, the minimum wage rose by 15.5%, in Lithuania, it rose by 12.3% and in Greece by 6.4%.

The EU countries with the highest minimum wages are Luxembourg with €2,638, Ireland with €2,282 per month and the Netherlands with €2,193 per month, the data shows.

The countries with the lowest minimum wages are Bulgaria, with €551 per month, Hungary with €707 and Latvia with €740 per month, it shows. Austria, Denmark, Finland, Italy and Sweden are not included in the statistics “as they do not have a national minimum wage,” it says.

The minimum wage rates do not account for state-provided benefits which are aimed at helping those on low incomes, such as in-work benefits and an additional annual Cost of Living Adjustment (COLA) increase, which totalled up to €1,500.

In terms of inflation, Malta had the 3rd lowest increase in the EU countries that were included in the same table, with 1.8% between December 2023 and December 2024.  Croatia had 4.5% inflation, meaning that its minimum wage rise was eaten up by inflation to a greater degree than Malta.

The country with the lowest inflation increase was Ireland, with 1% and the country with the highest was Romania, with 5.5%, the data shows.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=67b8a8b138f04b678426750286dba827&url=https%3A%2F%2Fwww.independent.com.mt%2Farticles%2F2025-02-21%2Flocal-news%2FMalta-registers-minimum-wage-increase-but-slips-down-EU-rankings-6736268058&c=16893739381766552162&mkt=en-us

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Publish date : 2025-02-21 07:02:00

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Tags: EuropeMalta
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