• 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%.
Romania’s acting minister of defence, Radu Miruță, has asked Parliament to grant prior approval for the signing of a framework agreement with Lockheed Martin for the training of F-16 flight personnel at the European F-16 Training Center (EFTC) hosted in Romania,
Former Social Democrat (PSD) transport minister Răzvan Cuc was detained by prosecutors from the National Anticorruption Directorate (DNA) on suspicion of complicity in bribery, the DNA announced on Tuesday, December 16. Cuc, a member of the Social Democratic Party who served as minister of transport in the governments led by Sorin Grindeanu (currently the leader […]
Regions across Romania will receive a financing boost as a result of a EUR 25 million loan that CEC Bank is receiving from the European Investment Bank (EIB). CEC Bank will channel the EIB credit into public-sector projects that promote sustainable economic development, particularly in Romanian regions where the shift to a greener industry is […]
Local authorities in Buzău aim to convert the nearby military airbase Boboc, 117 km northeast of Bucharest, into a secondary airport with dual military and civil use. The final decision will be based on Romania's security interests and requires multiple permits, the Ministry of Defence said, according to Adevarul.ro. ...
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
