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%.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
