The nationwide average gross monthly salary in 2022 was 6,126 RON, by 10.7 percent (+591 RON) higher than in the previous year, while the net pay was 3,801 RON, up 11.3 percent (+385 RON) from 2021, shows data released on Friday by the National Institute of Statistics (INS).The sectors to see the highest average net monthly earnings in 2022 compared to the average across the economy were: information and communications (+102.4 pct), financial intermediation and insurance (+65 pct), the production and supply of electricity and thermal energy, gas, hot water and air conditioning (+57.4 pct), public administration (+46.5 pct), the mining industry (+44.0 pct), professional, scientific and technical activities (+26.2 pct).Conversely, the industries with below-average monthly net earnings were hospitality (-43 pct), other service activities (-37.4 pct), real estate transactions (-27.7 pct), administrative and support services (-23.4 pct), water distribution, sanitation, waste management, decontamination activities (-18.8 pct), entertainment, cultural and recreational activities (-15.3 pct), wholesale and retail trade; motor vehicle and motorcycle repair (-15.2 pct), agriculture, forestry and fishing (-14.5 pct), the manufacturing industry (-9.5 pct), transport and storage (-8.8 pct), construction (-7.8 pct).According to INS data, the 2022 real wage index (expressed as the ratio of the net nominal salary to the population's consumer price index) was 222.4 percent compared to 1990, 5 percentage points lower than in 2021.The average monthly labor cost in 2022 was 6,426 RON/employee, 10.8 percent up from the previous year.According to data released by INS, the number of employees at the end of 2022 was 5.6 million, by 90,800 more than in 2021, of whom 63,900 females.At the end of 2022, employees with privately-owned companies represented the majority (76.7 percent) and were by 1.9 percent more compared to the previous year.Employees with trading companies accounted for 79.8 percent of the total number of employees at the end of the year, by 1.7 percent more compared to 2021.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
