The average net wage in Romania rose by 14.8% y/y to RON 5,242 (EUR 1,054) in July after the 13%-14% y/y growth rates in Q1 and Q2 this year, according to the data published by the statistics office INS.
In real terms, the average net wage surged by 8.9% y/y – the steepest annual advance since 2019 except for an outstanding reading in April 2021 (one year after the COVID-19 lockdown created low-base effects).
"The increase in the average net salary, reflected in the July figures,...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]
Romanian ice cream maker Alpin 57 Lux, an entrepreneurial company taken over in 2016 by Lithuania's Food Union, will be sold under a regional deal to Froneri – a partnership between the Swiss agri-food giant Nestlé and the investment fund PAI Partners, Profit.ro...
