Business News


Slovenia's Labour Costs Grew Below EU Average

Luxembourg, 10 April (STA) - Slovenia's hourly labour costs grew by 6.9% in 2008-2012, below the eurozone average of 8.7% and the EU average of 8.6%, according to Wednesday's release by the EU's statistical office Eurostat.

Austria recorded the highest increase (15.5%), followed by Slovakia (13.8%) and Finland (13.7%). Greece was the only country that posted a decline (11.2%), while labour costs in Portugal and Ireland were almost flat.

Hourly labour costs ranged from 3.7 euros in Bulgaria and 5.8 euros in Romania, to 39 euros in Sweden and 37.2 in Denmark. Slovenia, at 14.9 euros per hour, was well below the EU average of 23.4 euros and the eurozone average of 28 euros.

The figures exclude agriculture and public administration and include wages & salaries and non-wage costs such as employers' social contributions.

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