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.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
