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The total labor cost in Romania recorded the largest increase among EU member states in the first quarter of 2019 compared to the similar period in 2018, according to data released on Monday by the European Statistics Office (Eurostat).
In the first quarter of 2019, the most significant annual advance was reported in Romania (16.3 percent) and Bulgaria (12.9 percent), the only decline being in Greece (minus 0.2 percent).
In the first quarter of 2019, labor cost growth in Romania is mainly due to a 23.5 percent increase in the non-business hourly labor cost. By sectors of the economy, labor costs in Romania increased by 18.6 percent in construction, by 12.7 percent in industry and by 13.5 percent in services.
