The hourly cost of labor in Romania rose by 12% in the second quarter of the year compared to the same period in 2015, according to EU’s statistics office Eurostat.

It registered the highest growth rate among the EU member states. By comparison, the hourly cost of labor went up by 1.4% in the European Union.

The only EU member states where the hourly cost of labor dropped were Finland (-2%), Italy and Luxembourg, both with a drop of -1.1%.

In Romania, the advance was mainly related to the 18.9% growth of the hourly cost of labor in the non-business sector as well as a 10% increase in the business sector.

editor@romania-insider.com