The hourly labour cost has risen by 3.4% in the EU and 2.9% in the euro area, in Q3 2022, as compared to the similar period of 2021, show the data published on Monday by the European Office for Statistics (Eurostat).Between July and September 2022, as compared to the Q3 2021, the most significant annual advance was reported in Hungary (16.6%) and Bulgaria (16.3%) while other four EU member states reported growth of over 10%: Lithuania (13.9%), Poland (13.3%), Greece (11.6%) and Romania (10.9%). Hourly labor costs include wage costs and non-wage costs, such as social contributions paid by employers. In Romania, wage costs recorded an annual increase of 1.9% between July and September 2022, and non-wage costs an annual advance of 10.9%. In the European Union, wage costs recorded an annual increase of 2.8% in the third quarter of 2022 and non-wage costs an annual advance of 5.3%. In Q2 2022, the advance of labour costs in Romania is due to the increase by 13.5% of the hourly labour cost in the domain of business, while in the non-business domain there was an advance of 4.6%. As for the sectors in the economy, in Romania the hourly labour cost increased by 13.8% in services, by 13.5% in industry and by 11.5% in constructions.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
