Cyprus Minimum Wage Set at €1,000

According to Eurostat, the European Union’s statistical agency, Cyprus ranks 12th among 22 EU countries that have a national minimum wage, which is set at €1,000 gross per month. This is nearly twice the amount of Bulgaria’s minimum wage, but nearly one-third less than Luxembourg’s.

As of January 1, 2025, 22 out of the EU’s 27 member states have a statutory minimum wage. The only countries without a national minimum wage are Denmark, Italy, Austria, Finland, and Sweden.

In ten EU countries, the minimum wage remains below €1,000 per month:

• Bulgaria – €551

• Hungary – €707

• Latvia – €740

• Romania – €814

• Slovakia – €816

• Czech Republic – €826

• Estonia – €886

• Malta – €961

• Greece – €968

• Croatia – €970

Another six countries, including Cyprus, have minimum wages between €1,000 and €1,500:

• Cyprus – €1,000

• Portugal – €1,015

• Lithuania – €1,038

• Poland – €1,091

• Slovenia – €1,278

• Spain – €1,381

In the remaining six countries, the minimum wage exceeds €1,500 per month:

• France – €1,802

• Belgium – €2,070

• Germany – €2,161

• Netherlands – €2,193

• Ireland – €2,282

• Luxembourg – €2,638

The data shows a significant wage gap, with the highest minimum wage in the EU being 4.8 times greater than the lowest. However, Eurostat points out that the wage disparities are considerably smaller when adjusted for differences in the cost of living.

After adjusting for cost-of-living differences, the minimum wage ranges from €878 per month in Estonia to €1,992 in Germany. This adjustment narrows the wage gap to a ratio of 2.3 to 1.