Bulgaria Sees Surge in Q3 Labour Costs: Up by 15.1% Year-on-Year

Bulgaria's National Statistical Institute revealed a substantial uptick in total hourly labour costs during the third quarter of 2023 compared to the same period in 2022, marking a noteworthy 15.1% increase based on initial data.

The surge was evident across various sectors, notably with a 16.6% rise in industrial labour costs, a 13.9% increase in services, and a 17.0% uptick in construction. Education led the charge with a remarkable 21.9% spike in labour costs, followed closely by accommodation, food services, and transportation and storage sectors.