Bulgaria Leads EU in Wage Cost Growth for Q1 2024

In the first quarter of 2024, labor costs per hour worked in the European Union have shown significant increases, according to the latest data from Eurostat. Across the EU, these costs rose by 5.5% compared to the same period the previous year, while in the euro area, the increase was slightly lower at 5.1%.

Labor costs for firms encompass not only wages and salaries paid to employees but also indirect labor cost