The net average salary increased by 70 RON (1.4pct) in September this year, up to 5,228 RON, according to data published on Tuesday by the National Institute of Statistics (INS).The gross average salary was 8,553 lei, by 110 RON (+1.3pct) higher than in August 2024.The highest values of the net average salary were recorded in information technology services (11,626 RON), and the lowest in manufacture of clothing (3,016 RON).In September 2024, in most activities in the economic sector the level of the average net salary increased compared to August 2024, as a result of the granting of occasional bonuses (quarterly, annual bonuses, for special performances or for "Oilman's Day"), rights in kind and monetary aid, amounts from the net profit and from other funds (including securities). Also, the increases in the net average salary were due to production achievements or higher receipts (depending on the contracts/projects), according to the INS.The most significant increases in the net average salary earnings were recorded in the extraction of crude oil and natural gas, by 13.3pct, and in the manufacture of coke oven products and products obtained from crude oil processing, by 12.7pct.At the opposite side of the scale, the decreases in the average net salary were determined by the granting, in the previous months, of occasional bonuses, rights in kind and monetary aid, amounts from the net profit and from other funds (including securities). Also, the decreases in the average net salary were determined by production failures or lower receipts (depending on the contracts/projects).The most significant decreases in the net average salary earnings were recorded in activities auxiliary to financial services, insurance activities and pension funds - minus 11.6pct.Compared to September of the previous year, the net average salary increased by 13.8pct.The real salary earnings index was 108.8pct in September 2024 compared to September 2023 and 101.1pct compared to August 2024.Compared to October 1990, the index of real salary earnings was 251.2pct, 2.5 percentage points higher than the one recorded in August 2024.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
