SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Labour costs growth in Romania, Bulgaria highest in EU in Q2 - Eurostat

Sep 13, 2019, 5:44:48 PMArticle by Aleksia Petrova
share
September 13 (SeeNews) - Romania and Bulgaria led in terms of rise in hourly labour costs in the second quarter of 2019 among European Union member states, compared to the prior-year period, the bloc's statistical office said on Friday.

Labour costs growth in Romania, Bulgaria highest in EU in Q2 - Eurostat
Anton Chalakov/Shutterstock.com

Labour costs in Romania were 12.4% higher year-on-year in the first six months of 2019, while in Bulgaria they grew by 11.0%, Eurostat said in a statement.

Hourly labour costs in Romania increased in the review period mainly due to higher wage and salaries costs. In Bulgaria, hourly labour costs rose due to higher non-wage costs.

From all EU member states in Southeast Europe (SEE) only Greece and Croatia recorded increases in hourly labour costs below the EU average of 3.1% in the second quarter.

Details on hourly labour costs follow (pct change):

Q2 2019 Total Wages Other
Bulgaria 11.0 10.9 11.6
Croatia 2.3 2.8 -1.0
Greece 2.1 2.5 0.9
Romania 12.4 12.5 10.9
Slovenia 4.9 5.2 3.1
EU average 3.1 3.1 3.0

source: Eurostat

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.