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Competitive wages keep Romania’s GBS market growing, study shows

November 13, 2024

Romania’s competitive labour costs are driving growth in its Global Business Services (GBS) market, which is projected to expand at an annual rate of 10–15% over the next two to three years, according to research from consultancy firm Horváth. With a strong balance of cost efficiency and specialised skills, Romania has become a leading European hub for GBS, despite rising wages that outpace inflation by approximately 10% annually.

The global GBS market, valued at USD 276 billion in...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-gbs-market-horvath-nov-2024
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