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.
THAIco SPA, a leader in the Romanian luxury SPA services market, has launched its fourth location following an investment of over EUR 600,000 and has two other openings planned for this year. The total estimated investment for 2024 exceeds EUR 3.5 million. The new wellness center is located in the northern area of Bucharest. At […]
A recent poll by INSCOP Research shows that two-thirds of Romanians see immigrants more as an opportunity for Romania because they help the economy by taking jobs not done by locals. Young people, those with higher and medium education levels, as well as residents of Bucharest, are more favorable toward immigrants than the average population. […]
Bucharest Gaming Week, the event that brings together gamers and the newest and most popular games of the moment, will take place for nine days, between October 5 and 13, in a hybrid format. The Palace of Parliament hosts the central event of the eighth edition on October 12-13. In three of the Parliament's impressive […]
The president of Romania’s lower legislative chamber, Daniel Suciu, recently proposed extra security checks at the entrance to the Palace of the Parliament. His statements come after a man set fire to a store in the tourist area of the building, which is situated before the existing security filters. Between 200,000 and 240,000 people visit the Palace […]
Climate Change Summit, a leading event in Central and Eastern Europe dedicated to climate change solutions, premieres Immersive Call to Climate Action, an immersive experience that puts into focus the urgent need for concrete actions to combat climate change. The show will be hosted by ISPACE, at Mega Mall in Bucharest, between September 18 and […]
The program includes internationally accredited courses, 100 hours of in-depth business training, and an entrepreneurial project where participants apply the theory in practice. Sessions are led by successful entrepreneurs and executive directors of companies in Romania. The program will take place over 10 weekends from January 10 to March 29, 2025. ...
