Labor market in Central and Eastern Europe (CEE) - statistics & facts
The labor market in Central and Eastern Europe (CEE) is known for its lower labor costs compared to Western Europe in combination with a highly skilled workforce. This has made it a popular nearshoring destination for manufacturing, IT, and business services for Western European companies. Moreover, countries in the region are seeing an increase in real wages, with projected growth rates for 2025 ranging from 0.7 percent in Estonia to 8.7 percent in Bulgaria.
