- In August 2021, the average gross nominal earnings were 5688 lei, with 92 lei (-1.6%) lower than the one registered in July 2021. - The average net nominal earnings were 3487 lei, decreasing as against the previous month, with 58 lei (-1.6%). - The highest values of the average net nominal earnings were recorded in computer programming, consultancy and related activities (including information service activities) (8377 lei), while the lowest in manufacture of wearing apparel (1957 lei). August 2021 as compared to August 2020 - As compared to August of the previous year, the average net nominal earnings increased by 6.5 % . Earnings in relation with the evolution of consumer prices - The real earnings index1 was 101.2% for August 2021 in relation with the same period of previous year. - The real earnings index was 98.2% for August 2021 as against previous month. ? As compared to October 1990, the real earnings index was 223.0%, by 4.2 percentage points lower than the one recorded in July 2021. The average gross nominal earnings in Romania were 5,688 lei in August 2021, by 92 lei (-1.6%) lower than in July 2021, and the net average nominal earnings were 3,487 lei, down from the previous month by 58 lei (-1.6%), data published on Tuesday by the National Institute of Statistics (INS) show.The highest average net nominal earnings were reported in information technology service activities (including information service activities) (8,377 lei), and the lowest in clothing manufacturing (1,957 lei).Y-o-y, the August 2021 average net nominal earnings increased by 6.5%.The real earnings index was 101.2% in August 2021, y-o-y. The real earnings index was 98.2% in August 2021 on a monthly basis. As against October 1990, the real earnings index was 223.0%, 4.2 percentage points lower than that in July 2021.In the public sector, there were monthly decreases in the average net in education (-1.9%, due to cuts in the amounts representing the hourly payment of teacher the school holidays), public administration, namely healthcare and social assistance (-0.5% each).
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
