Bulgaria Reports Lowest Hourly Labour Costs in EU for 2023: Eurostat
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year
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The Euro area shows signs of recovery, recording a 0.3% growth in the gross domestic product in Q4 of 2013, according to data released by Eurostat Wednesday.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the Euro area.
Among Member States for which Eurostat data are available for Q4 of 2013, Sweden (+1.7%), the Czech Republic (+1.6%), Romania (+1.5%), Lithuania and Slovenia (both +1.2%) recorded the highest growth compared with the previous quarter. Cyprus (-1.0%), Denmark (-0.5%), Finland(-0.3%) and Estonia (-0.1%) registered decreases.
Economy's driving force in Q4 were investments which increased by 1.1%, according to Eurostat data. Consumption recorded a slight increase by 0.1%.
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