The gross average salary stood at 8,910 RON in January 2025, 341 lei below the value in December 2024, while the net average stood at 5,328 RON, down 5.6%, according to data published on Friday by the National Institute of Statistics (INS).Compared to January 2024, the net average salary increased by 9.7% in the first month of this year.Overall, in January 2025, the highest values of the average net salary were recorded in information technology service activities (including IT service activities) - 11,437 RON, and in the manufacture of coke oven products and products obtained from crude oil processing (10,877 lei), and the lowest in the manufacture of clothing (3,292 RON) and in hotels and restaurants (3,321 RON)."During the year, fluctuations in salary earnings are recorded, mainly determined by the granting of annual awards and holiday bonuses, especially in the months taken as a basis for comparison (December, March/April). These influence increases or decreases depending on the period in which they are granted, ultimately leading to the blurring of monthly salary fluctuations throughout the year," the INS states.According to the same source, in January 2025, in most activities in the economic sector, the level of net average earnings decreased, compared to December 2024, as a result of the granting in the previous months of occasional bonuses (quarterly, annual bonuses, for winter holidays, for special performances or the 13th salary), rights in kind and cash aid, amounts from net profit and other funds (including securities).Also, the decreases in net average earnings in January were determined by the application of legal provisions that eliminated tax facilities previously granted in certain economic activities, by production failures or lower receipts (depending on contracts/projects), as well as by the hiring of personnel with lower earnings than average, in some economic activities.Compared to December 2024, in January 2025, the increases in average net earnings were due to the application of legal provisions, the granting of occasional bonuses (annual bonuses or for special performances), rights in kind and cash aid, amounts from net profit and other funds (including securities), as well as production achievements or higher receipts (depending on contracts/projects).In the budgetary sector, the average net salary recorded slight increases, compared to the previous month, in health and social assistance (+1.5), respectively in education (+0.6%).INS data reveal that, in public administration, the average net salary decreased slightly in January 2025, compared to the previous month (-0.8%).
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
