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.
Brașov, a popular mountain city in central Romania, has again entered the competition for the European Green Capital award for the second year in a row. This time, the Romanian city entered the race for the 2026 title alongside eight other cities with over 100,000 inhabitants from Portugal, Spain, Germany, Austria, Latvia, and Poland. By […]
The high-end natural plum jam sold by Sonimpex under the brand Topoloveni is not in demand by the target market of Cash&Carry chain Metro – owners of small proximity stores and HoReCa firms, the German retail chain said in response to discrimination accusations expressed by the Sonimpex owner, quoted by
The leader of Romania's Liberal Party (PNL), Nicolae Ciuca, formerly prime minister and currently co-president of the country's ruling coalition, confirmed for Digi24 firm plans to run in the presidential elections this autumn. This should boost the party's score in the...
Amethyst Romania, a radiotherapy clinics chain set up by the entrepreneur Ludovic Robert, has started the EUR 10 million project of a new center in the northwestern part of the country at Satu Mare. This will be the fifth Amethyst hospital dedicated to oncological treatments in Romania, after the existing units in Bucharest, Cluj-Napoca, Alba […]
Romania’s natural gas company Romgaz (BVB: SNG), with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, Ziarul Financiar announced...
The government of Romania took steps to increase the ceiling of the Medium Term Note (MTN) scheme by EUR 7 billion to EUR 75 billion, citing the EUR 8.5 billion financing needs in 2025 but also another EUR 0.6 billion-1.6 billion issues this year and potentially EUR 1 billion in case not all the Resilience […]
