Hungary Labor Costs 3rd-lowest in EU
Photo by Shutterstock.com
Hourly labor costs at enterprises with at least 10 people on payroll stood at EUR 12.8 in Hungary last year, the third-lowest in the European Union, data compiled by Eurostat show.
Hourly labor costs were lower only in Romania (EUR 11) and Bulgaria (EUR 9.3).
In a regional comparison, hourly labor costs were EUR 14.5 in Poland, EUR 17.2 in Slovakia, and EUR 18 in Czechia.
Labor costs across the EU averaged EUR 31.8 per hour.
In local currency, labor costs in Hungary climbed 17% last year, the fastest rate in the EU.
Conditions for New Home Renovation Grant Softened
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
