Working-days adjusted hourly labour costs in Romania increased by 16.45% in the first three months of 2024, y-o-y, and 1.85% on a quarterly basis, the National Institute of Statistics reported on Tuesday.According to INS, Q1 2024 hourly labour costs in Romania in working days adjusted series were up in most economic activities. The most significant increases were reported in education (11.52%), real estate transactions (10.09%), hotels and restaurants (8.82%).The largest decreases in the hourly labour costs adjusted for working days were recorded in electricity, gas, steam and air conditioning production and supply (-12.88%), mining and quarrying (-10.11%). As against the previous quarter, salary costs increased by 1.88%, while non-salary costs by 1.10%.Y-o-y, Q1 2024 hourly labour costs were up across the board. The most significant increases in the hourly labour costs adjusted for working days were reported in education (33.30%), hotels and restaurants (27.06%), transport and storage (20.96%), and construction (20.49%).The smallest increases were recorded in mining and quarrying (8.69%), healthcare and social assistance (9.94%), administrative and support services (10.68%).Salary costs were up 16.44%, and non-salary costs 16.49%.
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
KingsRock Advisors, the global independent financial advisory firm, said it is expanding its European Union operations by opening an office in Stockholm and appointing top bankers to develop its EU business. Mihai Ionescu, former CEO of Deutche Bank Romania, will coordinate KingsRock’s Eastern European operations from Bucharest. With a long career in investment banking, Ionescu […]
In the first nine months of the year, MedLife recorded a consolidated pro-forma revenue of over RON 2 billion (EUR 400 mln), an increase of 24% compared to the same period in 2023. As these results confirm the upward trend from the first half of the year, MedLife is expected to become, probably, the first […]
A cultural project running between August to September 2024 saw volunteer postmen in the south of Romania discover and document over 400 old houses. The project, titled “Postmen and Houses in Codrii Vlăsiei," implemented by the National Company "Romanian Post" (CNPR), in partnership with the "Romanian Post" Foundation, and the Monumente Renăscute Association, covered more […]
