• In quarter III 2023 compared to the quarter II 2023 1 , the adjusted hourly labour cost (working days adjusted) registered an increase rate of 1.31%. • In quarter III 2023 compared to the quarter III 2022, the adjusted hourly labour cost (working days adjusted) registered an increase rate of 15.15%. Quarter III 2023 compared to Quarter II 2023 As against the Quarter II 2022, the most significant increase of the hourly labour cost (working days adjusted) was found in education2 (38.42%).Also, slight increases of the hourly labour cost (working days adjusted) were registered in other service activities (1.36%), arts, entertainment and recreation (1.15%), respectively in public administration (0.89%). However, in the majority of economic activities, the hourly labour cost (working days adjusted) decreased compared to the previous quarter. The most significant decreases were found in financial and insurance activities (-10.20%), real estate activities (-5.56%), respectively in administrative and support service activities (-4.06%). As against the previous quarter, the direct costs3 component (wages and salaries) increased by 1.31% and the other costs3 component (nonwages costs) by 1.34%. Quarter III 2023 compared to Quarter III 2022 As compared to the same quarter of the previous year, the hourly labour cost (working days adjusted) increased in all economic activities. The most significant increases of the hourly labour cost (working days adjusted) were found in education (30.46%), construction (22.07%), respectively in administrative and support service activities (19.05%). In quarter III 2023 compared to quarter III 2022, the lowest increases of the hourly labour cost (working days adjusted) were noticed in mining and quarrying (6.33%), other service activities (7.31%), respectively in human health and social work activities (7.94%). As against the same quarter of the previous year, the direct costs component3 (wages and salaries) increased in quarter III 2023 by 15.16% and the other costs component3 (non-wages costs) by 14.88%.
Mr. Ryder Delaloye is Associate Director of the SEE Learning® (Social, Emotional, and Ethical Learning) Program at the Center for Contemplative Science and Compassionate Ethics at Emory University, Atlanta, US. Ryder's experience as a teacher spans from 2nd grade through university. He has taught in public and private schools and universities both in the US […]
Untold Universe, the organizer of music festivals Untold and Neversea in Romania, said it would enter film production. Magic Maker Media House, the production house of the Untold Universe group, will produce a comedy this summer, set to premiere in the first half of 2025. Titled Mentorii/The Mentors, the film stars the comedian Cătălin Bordea in the […]
@Romania, the official-looking page quickly gaining followers on Instagram and TikTok, is not run by a state agency, nor does it receive backing for promoting Romania as a destination for tourists from around the globe. Instead, it was built from the ground up by a non-governmental organization committed to showing what Romania has to offer. In just five short years, […]
The 2024 edition of the Transilvania International Film Festival (TIFF) in Romania pays homage to Japanese cinema through Focus Japan, an eclectic program that brings together films of reference in cinema history, the top acclaimed recent productions, as well as workshops and special programs. "The eight selected films come together in a kaleidoscope of as many genres […]
Romanian tennis player Ana Bogdan won the Heart Award for her contribution to Romania's success in the match against Ukraine in the Billie Jean King Cup, according to the competition's Instagram page. During the qualifiers stage of the Cup, Romania came back from 0-2 against Ukraine, won 3-2, and secured a place in the final […]
Romania sent 1,700 tonnes of honey to countries outside of the EU in 2023, which makes it the European Union’s third-largest honey exporter after Spain (7,100 tonnes) and Germany (5,500 tonnes), according to recent data from Eurostat. Last year, EU member states imported 163,700 tonnes of natural honey from extra-EU countries, worth EUR 359.3 million....
