Bulgaria is the EU country with the lowest labor costs

Bulgaria is the EU country with the lowest labor costs
Bulgaria is the EU country with the lowest labor costs

Bulgaria is the country with the lowest labor costs in the entire European Union. This is according to a study published by the German Agency for Economic Development.

At the same time, Eurostat data show that the average labor costs in our country last year were 7 euros per hour. The services sector recorded the largest increase in labor costs compared to the same period last year.

According to the data, labor costs in the service sector rose by 14.4%.

The German agency also points out that salaries in Bulgaria are significantly increasing in companies that recruit qualified personnel.

On the other hand, finding skilled labor is becoming a problem in Germany. The gap between demand and supply of work is increasing significantly, threatening the country’s economic growth.

As a factor for this trend, the authors of the study point to the aging population, and as an option to alleviate the problem, the engagement of workers from abroad is considered.

Lack of staff in Germany is reported in nursing homes, kindergartens and the service sector.

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