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Romania's average net wage hit all-time high in March

Romania's average net monthly earnings growth rate accelerated to 15.5 per cent year-on-year in March, from 11.2 per cent in February, due mainly to granting of Easter bonuses, National Institute of Statistics (INS) data showed on Wednesday.

2018-05-09 11:49:08

The average net monthly earnings rose by 8.7 per cent month-to-month, from 534 Euro in February to 580 Euro - a record high -in March, according to Business Review.

Real wages increased by only 10.1 per cent between March 2017 and FMarch 2018, due to high inflation rate (5 per cent in March, year-on-year).

In December, Romania posted the previous record average net monthly earnings of 567 Euro, due to granting of year-end bonuses.

Romania has the second lowest average wage among the European Union member states, after Bulgaria.



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