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%.
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
The Bucharest Tribunal has approved the National Anticorruption Directorate’s (DNA) request for the preventive detention of Vlad Oprea, the mayor of the popular mountain town of Sinaia, following alleged violations of judicial control restrictions imposed on him in the case in which he faces several charges of corruption, news agency
The cancellation of the elections in Romania in November 2024 was taken into account when the Trump administration excluded Romania from the Visa Waiver program, according to an internal note from the National Security Council obtained by Politico...
Increasingly invoked in the public space, the right to freedom of expression risks being applied indiscriminately, to the detriment of other fundamental rights such as the right to privacy and the protection of personal data. In a legal analysis covering both European and national law, attorney Razvan Popescu highlights the risks of excessive interpretation of […]
STIRIXIS Group, the internationally awarded Greek Design & Consulting firm with over 850 projects in 29 countries, has designed and delivered the new, cutting-edge entertainment hub for Village Cinemas at The Mall Athens. The newly designed reception and support areas – including the foyer, the gaming zone, the Village Center retail shop, and the ticketing […]
Romgaz, Romania’s largest natural gas producer, has initiated legal proceedings seeking the dissolution of Greenpeace CEE Romania, citing insolvency and alleged misuse of the organization’s structure to avoid financial accountability, energy minister Sebastian Burduja announced. The lawsuit was filed through Romgaz’s subsidiary involved in the Neptun Deep offshore gas project and registered at the Bucharest […]
