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%.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
