BUSINESS

Romania, second-highest Q1 workforce spending rise EU-wide

Romania ranks second in the European Union, behind Bulgaria, as to rising overall workforce costs in the first quarter of the year, 7.2 per cent, up 2.2 per cent from the year-earlier period, according to Statistical Office of the European Communities (Eurostat) data quoted by Mediafax.


During the first three months of this year, the hourly wage in Romania went up 7.3 per cent, a feat only exceeded by Bulgaria, where the hourly wage rose 10.9 per cent and workforce-related costs, by 10.5 per cent. All the data on Bulgaria and Romania are but provisional, Eurostat mentions. Of the 22 EU member states for which Eurostat has first quarter data available, only six posted a decline in workforce spending, with Lithuania (11 per cent), Latvia (7.2 per cent), Estonia (5.5 per cent) and the Czech Republic (3.1 per cent) leading the pack. Across the EU, salary expenditures rose 2.3 per cent in January-March against the year-earlier period.

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