• 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%.
Speech by Ambassador Angela Ganninger on the occasion of German Unity Day: “Mr. President of the Senate, Mr. Mircea Abrudean, Madam Deputy Prime Minister, Ms. Oana Gheorghiu, Madam Minister of Foreign Affairs, Ms. Oana Țoiu, Excellencies, Distinguished Guests, Ladies and Gentlemen, It is a great pleasure to welcome you to...
The “Teambuilding” phenomenon returns to the big screen: Teambuilding 2 opens in cinemas nationwide today After the first film drew more than one million cinema admissions, Horia and the gang return for another encounter with the absurdities of office life. Four years after its release, Teambuilding ranks first among the...
OMV Petrom and SNGN ROMGAZ SA, joint titleholders of the Neptun Deep block, expect first gas production to enter the National Transmission System (NTS) in the first half of 2027. “Narrowing the first gas window marks a major milestone for Neptun Deep and brings us closer to production, “said Christina...
Tools based on artificial intelligence are becoming the go-to problem-solvers for employees whenever a problem arises, according to the MKOR study “AI Adoption Report Romania 2026.” Roughly 1 in 5 employees (22%) ask an AI first, rather than a team colleague or direct manager. When they do not know how to solve a work task, […]
Prosecutors with the Directorate for Investigating Organized Crime and Terrorism (DIICOT) announced on Wednesday, October 7, that they had seized several bank accounts opened in Călin Georgescu’s name. It is not yet clear how many bank accounts were seized, but Digi24 sources referred to seven accounts holding...
Bucharest Photofest returns from October 9 to 18 with more than 200 artists and 40 events across ten venues in the Romanian capital. This year’s theme, “Witness,” explores photography as a form of social and cultural engagement. The programme includes work documenting the siege of Mariupol by Ukrainian photographer Evgeniy Maloletka, the human experience of […]
