Romania's staff shortage is driven by the decreasing share of high school graduates and workforce migration, to which adds the mismatch between market demands and the education offer - a trend that is also noticeable in Western Europe, shows a survey by brokerage house XTB Romania."In June, the nationwide average gross salary was 6,854 RON in industry, 15,110 RON in IT and communications (especially the IT area), and 12,948 RON in financial intermediation and insurance services. Two years before, the gross salary was 5,321 RON in industry, 11,481 RON in IT, and 9,720 RON in finance. Whereas the IT and communications salary was 115.7 percent higher in June 2021 versus industry salaries, the difference increased to 120.5 percent in June this year," the survey shows.Thus, although insufficiently statistically captured, the difficulty of finding tradesmen such as electricians, plumbers, painters is reflected in the rates charged and the incomes that progressively close the gap to IT or finance pays. But the slower response, for the time being, from other areas has allowed IT salaries to take off compared to industry pays.With continued progress of artificial intelligence, OpenAI recently announced the development of an enterprise version of ChatGPT intended for companies."It will operate faster and address concerns about the use of companies' data, with the promise that they will not enter the corpus of the model used in such a way as to become, indirectly and without the consent of the owners, public information or accessible to other users," the survey states.Thus, AI adoption by companies could speed up, the effect being the multiplication of its practical applications. The complexity of the problems that can be addressed is increasing, but important gaps remain in terms of the completeness and correctness of the answers.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
