• 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%.
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
Only 145 companies in Romania, out of more than 800,000 active businesses, managed to grow their revenues and remain profitable every year between 2008 and 2024, according to an analysis published by business intelligence platform Termene.ro. The study found that these firms, representing just one in every 5,500 companies (or 0.02% of the total), generated […]
The secretary-general of the Organization for Economic Cooperation and Development, or OECD, Mathias Cormann, was on a visit to Romania on Monday, September 15. The representative had talks with president Nicusor Dan and prime minister Ilie Bolojan, after which he said that Romania may succeed in joining the organization in 2026. Founded in 1961, the […]
Romania’s anti-corruption prosecutors have indicted Timișoara Airport’s former general manager Iulian Daniel Idolu and five board members on charges of abuse of office, alleging they illegally extended Idolu’s mandate without a competitive selection process. The National Anti-Corruption Directorate (DNA) said Iulian Daniel Idolu, who served as general manager of “Traian Vuia” Timișoara...
Romanian car rental company Klass Wagen said that it launched the Autozentrum brand and opened its first subsidiary in Germany, becoming the first Romanian company to sell used cars on the German market. The move marks the beginning of the Klass Wagen Autozentrum European network, through which the group intends to sell used cars directly […]
