05.19.2014

Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net average more

03.06.2014

The highest-paying jobs in Romania are in the sectors of engineering and manufacturing (at most EUR30,000/year), banking and financial services (EUR67,000/year), accounting and insurance more

07.07.2013

Romania’s public sector wages will include both a fixed amount and a variable sum based on employee job performance and the new system will be regulated through a new bill regarding public wages in more

07.05.2013

Romanian average net salary fell 3% to 1,611 lei (EUR362.7) in May, from RON1,661 a month earlier, the statistics institute INS said Friday. more

12.20.2012

The governing program announced by Romania’s new Executive targets to gradually increase the minimum wage to 1,200 lei (EUR268) until 2016. more

09.28.2012

Bernd Schmitt, head of automotive parts manufacturer Lisa Draxlmaier Pitesti, Friday said any salary increases must be reasonable to allow the company to stay competitive on the market. more

09.25.2012

Salaries in the private sector in Romania rose by an average 5.1% in 2012, similar to the salary growth level registered in 2011 and close to the estimations made at the beginning of 2012, when more

08.27.2012

The highest-paid executive in Romania last year was, surprisingly, a manager in the real estate sector, who is likely to have concluded several major transactions and earned EUR1.27 million, more

08.27.2012

The best paid manager recruited by headhunters in the past year works in the chemical industry and earns a net monthly salary of EUR14,000 plus an annual bonus of EUR50,000, according to data more

08.17.2012

Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency of more

08.09.2012

Romania’s Government will derogate from the fiscal responsibility law to raise staff expenses, following an increase in public sector salaries, according to a draft of this year’s first budget more

05.30.2012

Romanian authorities will follow the upcoming salary raise in the public sector by restricting spending on wages in the next three years, says a government document. more

05.14.2012

Romania's Labor Ministry has put up for public debate a draft ordinance raising salaries in the public sector by 8% as of June 1 and by a further 7.4% as of December 1. more

05.08.2012

Romania’s Government is considering releasing the second tranche of a public sector wage raise in December, after the parliamentary elections, in a move to avoid breaching the tax liability law, more

05.04.2012

High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the budget more

05.03.2012

Romania's Prime Minister-designate, Victor Ponta, said Thursday that salary raises for the public sector are included in the government program, adding that he hopes negotiations with the IMF on this more

04.26.2012

Almost 190,000 Romanians were earning more than 5,000 lei (over EUR1,140) in gross salary in October 2011, almost as many as in October 2008, even though the total number of employees went down by more

04.24.2012

Every year when multinational companies publish annual reports, rankings are compiled about the highest-paid executives. ZF has tried to make a ranking of the salaries of the executives of the local more

04.19.2012

Romania's Government has informed the European Commission that it will raise public sector salaries this year to their level before the cuts in 2010, leading to a slight increase in personnel more

03.29.2012

The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International Monetary more

03.16.2012

Three out of four public sector employees “laid off” over the last three years actually went into retirement. That is how Romania managed to get to 1.2 million employees in this sector, as the more

03.14.2012

Businesspeople, who should be the direct beneficiaries of the public sector wage increase, are not convinced this will boost consumption, as the government expects. This is because part of the more

03.09.2012

A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday. more

02.29.2012

Austrian lender Erste Group Bank (EBS.RO) Wednesday announced it has made provisions for compensation pay in Hungary and Romania, which contributed to a 2.6% increase of staff expenditure, to EUR2.32 more

02.28.2012

Romanian bankers from Spanish group La Caixa continue to be the best-paid in the Romanian banking system, ending 2011 with an average net wage of 10844 lei (EUR2490) in December. more