The average net salary increased to 5,242 lei in July this year, up 66 lei or 1.3%, compared to June 2024, while the average gross wage reached 8,580 lei in July, up 100 lei (+1.2%) compared to the previous month, according to data the National Institute of Statistics (INS) released on Thursday.Compared to July of the previous year, the average net wage increased 14.8%.The highest values of the average net earnings were recorded in the manufacture of coke work products and products obtained from the processing of crude oil (13,052 lei), and the lowest in the manufacture of clothing (3,054 lei).The real salary gain index was 108.9% in July 2024 compared to July 2023, and the real salary gain index was 100.7% in July 2024 compared to June 2024.Compared with October 1990, the real wage gain index was 253.3%, 1.7 percentage points higher than in June 2024.The INS mentions that during the year there are fluctuations in wage earnings, mainly due to annual bonuses and holiday bonuses, especially in the months taken as a basis of comparison (December, March/April). They influence the increases or decreases depending on the period in which they are granted, ultimately leading to a smoothing of fluctuations in monthly earnings over the whole year. The evolution of real wage earnings depends both on fluctuations in the average net wage and on the inflation rate, says the INS.In the budget sector, there were decreases in the average net wage income compared to the previous month in education (-4.3%), mainly due to the reduction in the amounts of hourly pay for teachers during the school vacation period, respectively in public administration (-0.4%).Average net earnings increased slightly compared to the previous month in health and social care (+0.2%).The average gross monthly gross wage gain is determined by reporting the gross amounts paid from the salary fund, net profit and other funds (excluding compensatory amounts, amounts paid retroactively as a result of winning in court the rights to benefits for previous years) to the average number of employees, says the INS.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
