The minimum wage in Moldova varies from 50 to 60 percent of the average wage. This amount can be higher or lower depending on the type of employee you are. It was last revised in 2015 and is cheaper than the minimum wage in Romania. Here are some things to keep in mind when you are looking for a job in Moldova. Read on to learn more about working in Moldova and how to make more money there. You may even find yourself saving a lot of money compared to the minimum wage in Romania.
Moldova’s minimum wage is 50-60 percent of the average wage
The Moldovan minimum wage is 50-60 percent of the national average. The average salary is around 26600 MDL ($630) and can vary from 6,740 MDL to 119,000 MDL (about US$4,600) a month. While this is not enough to live comfortably in Moldova, it is plenty for long-term stays. Listed below are salaries for different job titles in Moldova.
The government has a lot of control over prices. The Ministry of Economy regulates the prices of land, medical services, and local tax regions. In Moldova, there are two minimum wages – one for the public sector and one for the private sector. In 2015, the average monthly salary in Moldova was MDL 4611, or 50-60 percent of the national average wage. Nevertheless, salaries are not enough to cover the actual expenses of the citizens.
Although Moldova passed a poverty reduction strategy in 2004, there is a lack of market development. Only 60 out of 480 companies have been privatized, and foreign investors are still not allowed to purchase agricultural or forest land. Moldova is also an unfriendly investment environment. Among investors, only a limited number of companies are allowed to set up a foreign exchange account. Almost all capital transactions are subject to approval by the National Bank of Moldova.
It varies based on the type of employee
There are several types of employees in Moldova, each with its own set of minimum wage rates. For example, in the private sector, the minimum wage for a general worker is 2610 Moldovan leu, which is equivalent to 152 dollars. In contrast, in the public sector, the minimum wage is less than half that amount, at just over $270 a month. This means that employees in the public sector receive a higher pay rate than those in the private sector.
In Moldova, the minimum wage differs depending on the type of employee. Public sector employees earn 1,000 lei per month, while private sector employees earn 1,900 lei a month. However, this figure was last updated in 2015, so it’s worth monitoring. To encourage higher retention rates, employers should also offer more benefits to attract and keep good employees. Holiday allowances are equal to the employee’s wages and are due three days before the vacation period. Other benefits to consider include performance-based bonuses.
For higher education, one can expect to pay between 133,000 and 400,000 Moldovan lei per month. A two-year post-graduate degree will cost approximately $13,000 and is not usually rewarded with an increase in salary during the study period. Salaries for post-graduate programs are typically reviewed after the education period is complete. The salary levels in Moldova are fairly low compared to their European neighbors.
It was last changed in 2015
The minimum wage in Moldova was last changed in 2015. In fact, it had been unchanged since 2015. The country’s judiciary has failed to do its job, as it is politically bribed and incapable of prosecuting foreign donors to the Socialist Party. However, the judiciary’s recent judgments have indicated that it is not yet time for a change. However, Moldova’s economy and social conditions have improved significantly since the minimum wage was last altered.
The democratic system is widely supported by all major political actors, including the ruling elite, although their adherence to the principles of liberal democracy is frequently merely declarative. The ruling elites in Moldova are perceived as inefficient and corrupt, and public assessments of liberal democracy are primarily negative. According to one poll, 78% of the Moldovan population believes that the government is primarily run in the interests of a handful of groups.
The country also faces an overpopulation crisis and is at risk of a political crisis. The government has been trying to restrict freedom of speech during the current crisis, including by restricting public demonstrations. The Audiovisual Council of Moldova published a regulation during the COVID-19 pandemic, requiring local media to report only the government’s official position. As a result, Medical Workers in Moldova publicly criticized working conditions, lack of protection, and inadequate payment. The authorities were forced to cancel the new measures after stiff criticism from civil society.
It is cheaper than in Romania
Compared to Romania, Moldova is cheaper to live in for minimum wage workers. Its average monthly costs are nearly 50% less than those in the US. For example, a basket of goods valued at USD1,000 in New York would cost USD440 in Moldova. Likewise, a midrange bottle of wine costs an average of USD5.02, while domestic/local beer costs an average of USD1.09, while a pack of 20 cigarettes costs about USD2.26. While the Moldovan minimum wage is lower than that of Romania, it is higher than in Romania, primarily due to the EU.
Besides being cheaper than Romania, Moldova is also home to some shadier cities. The cost of living in Moldova is generally lower than in neighboring countries, but utilities aren’t cheaper. Moldova has a very low net migration rate, which may make it less attractive for some. But it’s not all bad news. The country has opportunities for foreigners. In terms of obtaining a residency permit, Moldova is easier to acquire than Romania or Ukraine. Despite its relatively inexpensive living costs, it has yet to become a more attractive destination for foreigners. It has a negative net migration rate, and Moldova is one of the poorest countries in the world.
While Romania’s minimum wage is higher than the average in Central and Eastern Europe, it also has the highest effective tax rate in the region. The country’s effective tax rate, based on a 1,000-euro gross salary, is 41.5% higher than the average of other countries in the region. It’s worth noting, however, that Moldova is cheaper than Romania when it comes to minimum wage. The country has a very tight relationship with both the EU and Russia, but Moldova’s foreign trade is not as developed as that of its neighbors.
It is cheaper than in Serbia
If you are wondering if it is worth it to live in Moldova or Serbia, then you may want to consider moving there. The minimum wage in Moldova is 19.1% cheaper than that in Serbia, making it one of the most affordable countries in the world to live in. It is also a livable city, so it may be worth your while to relocate there. There are some other advantages to living in Moldova. Here are some of them:
The first and most obvious benefit of living in Moldova is the low cost of living. Food is extremely cheap, as local markets are priced according to the average salary of workers. This means that even those on the lowest salaries can afford to buy their daily food. Other benefits of living in Moldova include a low cost of transportation. Gasoline and public transportation are cheap, making it possible for a Moldovan to travel outside the country for work.
The second benefit of living in Moldova is the lower cost of living. Living costs in the country are lower than in the neighboring countries of Serbia and Croatia. This is also a good thing for ex-pats because Slovenia has a higher purchasing power than most of the cheapest countries in Europe. And despite the low cost of living, Moldova’s per capita GDP is still higher than that of Serbia. This means that if you’re an ex-pat looking to work in the local economy, it is worth a look.
It is cheaper than Montenegro
Although you’re probably wondering whether it’s cheaper than Montenegro, the answer is not always yes. The cost of living is cheaper in a smaller, less populated city. Prices are also season-specific – if you’re visiting in summer, expect your price to double! And you’d better factor in the fact that you’ll have to buy food for your family, too. In addition, your utility bill will be higher.
Montenegro and Croatia both have their share of natural attractions and historic sites. Montenegro is the cheaper of the two, but it lacks historical monuments. Montenegro’s attractions include the Pula Arena, a famous soccer stadium. Croatia, on the other hand, still uses the kuna, and joined the European Union in 2013 but has not yet adopted the euro. In addition to being cheaper than Montenegro, Croatia has many beautiful beaches and historic towns.
Although Podgorica isn’t as popular as the coastal cities, it has a reasonably large ex-pat population. Property prices are around EUR1,000 per square meter, but it is important to consider that some properties are owned by multiple people. Check the title and building permits carefully before making a decision. You can also obtain a second passport or citizenship if you wish. This way, you’ll have two passports and a second home.