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May 17, 2022

Romania, first position in Europe in terms of labour cost growth

Romania is ranked first in the EU in terms of the growth rate of the hourly labour cost in the first quarter of 2103 compared to the similar period in 2012. In the European Union and eurozone the hourly labour cost went up by 1.9 per cent and 1.6 per cent, respectively, according to data released by the European Statistics Office (EUROSTAT) yesterday. The hourly labour cost is represented by salaries, financial compensations and non-salary expenditure of the employer.  In the January-March 2013 period, the highest rise of the hourly labour cost in the EU was recorded in Romania (8.6%) and Estonia (7.5%). A decline was reported by Slovenia (-3.8%), Spain (- 0.7%), Cyprus (-0.5%) and Portugal (-0.3%).

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