Romanians earned an average net salary of RON 1,661 (approximately EUR 379) this April, up 2.7 percent m-o-m, according to data released today by the National Institute of Statistics (INS).
In April 2013 the average net salary was up 7 percent y-o-y.
There were reported salary increases in most industries this April mainly because of bonus payments offered by employers. These were either quarterly performance related bonuses or Easter bonus payments, according to the same source. Layoffs of employees with low salaries represented another factor that led to the overall salary increase, according to INS.
The highest salaries were reported by those working in financial intermediation where the average salary was RON 4,883 (approximately EUR 1114) while at the other end of the spectrum continued to be employers from the hotel and restaurant industry where the average salary was RON 855 (approximately EUR 195), according to the same source.
The highest monthly increase this April – 33.9 percent – was in the business auxiliary services related to the financial market including the insurance and pension funds sectors while the sharpest decrease – 38.2 percent – was in the tobacco industry.