Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Average net salary/month reaches 4,412 RON in 2023,...

Average net salary/month reaches 4,412 RON in 2023, with HoReCa sector lowest values

October 24, 2024

The average monthly gross salary gain recorded at the level of the national economy in 2023 was 7,042 RON, by 15%, i.e. 916 RON, higher than the previous year, and the average net monthly salary gain amounted to 4,412 RON, an increase of 16, 1%, more precisely by 611 RON, according to the data published on Wednesday by the National Institute of Statistics (INS). (1 euro = rd 4.974 RON at end-2023)The highest values of average net monthly salary earnings achieved in 2023, compared to the average for the economy, were recorded in the following economic activities: information and communications (+94.6%), financial intermediation and insurance (+63.3 %), production and supply of electricity and thermal energy, gas, hot water and air conditioning (+62.0%), extractive industry (+42.2%), respectively public administration (+41.1%).At the opposite pole, the average monthly net salary earnings below the economy average were in the following economic activities: hotels and restaurants (-41.7%), other service activities (-36.0%), real estate transactions (-25, 9%), administrative service activities and support service activities (-21.2%), water distribution, sanitation, waste management, decontamination activities (-18.8%), performance, cultural and recreational activities (-18 .1%), agriculture, forestry and fishing (-15.9%), wholesale and retail trade; motor vehicle and motorcycle repair (-14.7%), manufacturing industry (-8.4%), transport and storage (-2.8%), respectively construction (-1.8%).Compared to the average for the economy, the average monthly cost was significantly higher in the economic activities of information and communications (+91.6%), production and supply of electricity and thermal energy, gas, hot water and air conditioning (+71.5 %), financial intermediation and insurance (+70.1%), extractive industry (+50.0%), professional, scientific and technical activities (+19.9%), public administration (+19.1%), respectively health and social care (+16.2%).The most relevant values of the average monthly cost below the economy average were recorded in the economic activities of hotels and restaurants (-41.8%), other service activities (-35.3%), agriculture, forestry and fishing ( -23.3%), real estate transactions (-22.5%), respectively administrative service activities and support service activities (-19.9%).The number of employees at the end of 2023 was 5,677.3 million people. Compared to the end of the previous year, the number of employees registered an increase of 70,200 people, of which 36,600 were female employees.At the end of 2023, the number of employees in private capital companies was the majority (76.8%) and registered an increase of 1.4% compared to the previous year.In addition, the distribution of employees according to the legal form of the enterprises showed that those employed in commercial companies represented 80.0% of the total number of employees at the end of the year, an increase of 1.4% compared to the previous year.

Read in full - click here
Institute for study of communist crimes urges Romanian authorities to act against rising pro-totalitarian nostalgia

The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”

Real estate developer AFI secures EUR 537 mln refinancing package for Romanian projects

AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]

Hidroelectrica faces scrutiny over alleged preferential electricity supply to politically linked firms

State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...

Romania’s Altex sketches strong expansion plans for Brico Dépôt after Raiffeisen-financed takeover

Altex Romania will develop in the following year the DIY chain Brico Dépôt by securing ownership of the rented stores, upgrading the entire chain, and opening three to five new stores per year after the transition year 2026, Altex founder, main shareholder, and CEO Dan Ostahie announced after his company took over the do-it-yourself chain […]

Romania's government appoints heads of agency for monitoring state companies AMEPIP

The government announced it selected, on November 27, a president and two vice-presidents for the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP). The action was a milestone under the Resilience Facility due November 28, after the expiry of the six-month extra time allowed by the European Commission, with a EUR 330 million […]

Romania operates second budget revision, keeps deficit target at 8.4% of GDP

Romania's Ministry of Finance published for debate the draft emergency ordinance (OUG) on the second budget rectification of this year on the evening of November 27. According to the document, the general government budget deficit will remain at 8.4% of GDP, Hotnews.ro reported.  Central government budget revenues for...