The hourly labour cost has risen by 3.4% in the EU and 2.9% in the euro area, in Q3 2022, as compared to the similar period of 2021, show the data published on Monday by the European Office for Statistics (Eurostat).Between July and September 2022, as compared to the Q3 2021, the most significant annual advance was reported in Hungary (16.6%) and Bulgaria (16.3%) while other four EU member states reported growth of over 10%: Lithuania (13.9%), Poland (13.3%), Greece (11.6%) and Romania (10.9%). Hourly labor costs include wage costs and non-wage costs, such as social contributions paid by employers. In Romania, wage costs recorded an annual increase of 1.9% between July and September 2022, and non-wage costs an annual advance of 10.9%. In the European Union, wage costs recorded an annual increase of 2.8% in the third quarter of 2022 and non-wage costs an annual advance of 5.3%. In Q2 2022, the advance of labour costs in Romania is due to the increase by 13.5% of the hourly labour cost in the domain of business, while in the non-business domain there was an advance of 4.6%. As for the sectors in the economy, in Romania the hourly labour cost increased by 13.8% in services, by 13.5% in industry and by 11.5% in constructions.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
