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.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
