Romania’s wage growth rate accelerated in April as earnings reached an all-time high level of EUR 656 mainly due to Easter bonuses paid by many companies.
Romania’s average net monthly earnings rose by 14.8 percent year-on-year in April – compared with 13.7 in March – up to RON 3,115 (EUR 656), National Institute of Statistics (INS) data showed on Friday.
The highest wage increases were concentrated in April in the private sector.
The average net monthly earnings rose by 1.3 percent month-on-month, from 3,075 (EUR 647) in March.
Real wages increased by 10.3 percent between April 2018 and April 2019, due to high inflation rate (4.1 percent in April, year-on-year).
The gross average monthly earnings increased to RON 5,105 (EUR 1,075) in April, from RON 5,050 (EUR 1,063) in March.
The highest net monthly earnings were recorded in April in the IT sector (RON 7,192, EUR 1,514), and the lowest in garment industry (RON 1,785, EUR 376).
Since the beginning of this year, the government has increased the minimum gross wage in Romania from RON 1,900 to RON 2,080 and introduced a separate minimum wage for workers in construction of RON 3,000.
Romania has the second lowest average wage among the European Union member states, after Bulgaria.
The total amount of wages paid by the Romanian employers rose last year by 17 percent compared with 2017, up to EUR 80.3 billion, an all-time high, mainly due to minimum wage and public sector wages’ increases.
In 2017, the amount of wages was EUR 68.5 billion, and this means that the total wage bill rose by almost EUR 12 billion last year, according to BR calculations based on Eurostat data.