European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
A Eurostat poll shows that the average hourly payment rate for the EU in 2016 was EUR 25.4, quoted by BTA.
It was lowest in Bulgaria (barely EUR 4.4), Romania (EUR 5.5), Lithuania (EUR 7.3), Latvia (EUR 7.5), Hungary (EUR 8.3) and Poland (EUR 8.6).
Denmark registered the highest hourly rate – EUR 42. The sphere of services was best paid in Bulgaria (EUR 4.7), followed by the one of industry (EUR 4.2), while the lowest rate was in the construction business – EUR 3.6 per hour.
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