…the starting minimum salary even higher.
According to
https://in-cyprus.philenews.com/insider/economy/minimum-wage-rises-to-e1000-gross/
The starting minimum salary is 940 Euro; normal minimum salary 1000 Euro
In the North, it will soon be 34070 TRY which is 974 Euro with today’s exchange rate (no distinction, that’s valid from the first day of employment on)
https://www.yeniduzen.com/asgari-ucret-29-bin-640-tl-oldu-172412h.htm
These are gross numbers. Net minimum income will be 29640 TRY = 848 Euro in the North; I could’nt find out how much tax the ROC takes from 1000 Euro minimum wage earners. As for comparison, for many years it was always around 500 Euro in the North; in the worst times of currency devaluation it was for a short time as low as 360 Euro.
https://old.reddit.com/r/cyprus/comments/1cxasgd/minimum_income_in_the_north_almost_the_same_as_in/
Posted by haloumiwarrior
3 Comments
its 890net after the recent changes in the south.
Good for the north. are they having elections?
Our minimum income is as shit as USA federal minimum. Guess what? We both almost have a non existent middle class.
>34070 TRY which is 974 Euro
For how long though?