The nationwide average gross monthly salary in 2022 was 6,126 RON, by 10.7 percent (+591 RON) higher than in the previous year, while the net pay was 3,801 RON, up 11.3 percent (+385 RON) from 2021, shows data released on Friday by the National Institute of Statistics (INS).The sectors to see the highest average net monthly earnings in 2022 compared to the average across the economy were: information and communications (+102.4 pct), financial intermediation and insurance (+65 pct), the production and supply of electricity and thermal energy, gas, hot water and air conditioning (+57.4 pct), public administration (+46.5 pct), the mining industry (+44.0 pct), professional, scientific and technical activities (+26.2 pct).Conversely, the industries with below-average monthly net earnings were hospitality (-43 pct), other service activities (-37.4 pct), real estate transactions (-27.7 pct), administrative and support services (-23.4 pct), water distribution, sanitation, waste management, decontamination activities (-18.8 pct), entertainment, cultural and recreational activities (-15.3 pct), wholesale and retail trade; motor vehicle and motorcycle repair (-15.2 pct), agriculture, forestry and fishing (-14.5 pct), the manufacturing industry (-9.5 pct), transport and storage (-8.8 pct), construction (-7.8 pct).According to INS data, the 2022 real wage index (expressed as the ratio of the net nominal salary to the population's consumer price index) was 222.4 percent compared to 1990, 5 percentage points lower than in 2021.The average monthly labor cost in 2022 was 6,426 RON/employee, 10.8 percent up from the previous year.According to data released by INS, the number of employees at the end of 2022 was 5.6 million, by 90,800 more than in 2021, of whom 63,900 females.At the end of 2022, employees with privately-owned companies represented the majority (76.7 percent) and were by 1.9 percent more compared to the previous year.Employees with trading companies accounted for 79.8 percent of the total number of employees at the end of the year, by 1.7 percent more compared to 2021.
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be […]
Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child. Of the 14 people who were reportedly on the boat that capsized, 10 are being […]
