• 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%.
Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and […]
More than 70% of Romanians would support an increase in defense spending so that Romania can defend its sovereignty in the event of military aggression, an INSCOP survey conducted between May 26-30 showed. Given the recent discussions on how Europe should reduce its military dependence on the US and NATO by increasing...
On Sunday, June 15, the 'Carol I' Central University Library (BCU) hosted an event in its unconventional creative space, launching a new platform for reflection on the kind of social contract humanity might need in the digital age — a 'Magna Carta AI.' The event was dedicated to exploring key principles that could guide the […]
APTIQ Global is pleased to announce a strategic partnership with SOGECC, a French specialist in tax, accounting and business advisory. Through this partnership, APTIQ and SOGECC are poised to deliver premium expertise in these areas tailored for all types of businesses, with a focus on SMEs, liberal professions and larger French and international companies. SOGECC's […]
Between June 21–23, 2025, Ferdinand Square in Oradea is set to host the first edition of the L’Arte della Pizza – Festa della Pizza Napoletana festival. The event is dedicated to the taste, tradition, and culinary spectacle of the southern Italian region. As part of the festival, pizza masters from Naples will come to Oradea […]
The exhibition Hemp - Back to the Future, set to open at the National Museum of the Romanian Peasant beginning June 18, is dedicated to the “rediscovery of hemp as a sustainable resource, located at the intersection of heritage, contemporary design, and applied research.” The exhibition, which can be visited in Bucharest until July 12, […]
