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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Average net wage in RO, up 2.6% in real terms in Mar-Aug

The average net wage in Romania increased by a nominal 7.6% year-on-year to RON 3,275 (EUR 677) in August. In real terms, the average net wage rose by 4.8% year-on-year, not far from the 5.2% real increase seen in July.

Since the onset of the crisis, in January-August, the average net wage increased in real terms by 2.6% compared to the same period last year.

The lower earnings during the lockdown, when the net average wage dropped by a nominal 3.5% in April compared to March, was offset by the further gains in the months of recovery: June to August.

Among the sectors where the wages posted double-digit nominal annual growth rates as of August, there are two budgetary sectors: healthcare (+10% year-on-year) and culture and entertainment (+12.3%).

Meanwhile, two of the hardest-hit sectors recorded nominal wage decreases: 9.3% in the air transportation industry and 7.6% in hotels and restaurants.

Wages in the construction materials industry rose robustly by 9.5% year-on-year - but not as fast as those in the tobacco production industry (+11.3%).

Other crisis-proof sectors, at least when it comes to wages, are those of utilities (where the wages rose by 10.3% year-on-year in August), IT (+11.3% yoy), and oil services (+11.8% yoy).

(Photo: Octav Ganea/ Inquam Photos)

[email protected]

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Average net wage in RO, up 2.6% in real terms in Mar-Aug

The average net wage in Romania increased by a nominal 7.6% year-on-year to RON 3,275 (EUR 677) in August. In real terms, the average net wage rose by 4.8% year-on-year, not far from the 5.2% real increase seen in July.

Since the onset of the crisis, in January-August, the average net wage increased in real terms by 2.6% compared to the same period last year.

The lower earnings during the lockdown, when the net average wage dropped by a nominal 3.5% in April compared to March, was offset by the further gains in the months of recovery: June to August.

Among the sectors where the wages posted double-digit nominal annual growth rates as of August, there are two budgetary sectors: healthcare (+10% year-on-year) and culture and entertainment (+12.3%).

Meanwhile, two of the hardest-hit sectors recorded nominal wage decreases: 9.3% in the air transportation industry and 7.6% in hotels and restaurants.

Wages in the construction materials industry rose robustly by 9.5% year-on-year - but not as fast as those in the tobacco production industry (+11.3%).

Other crisis-proof sectors, at least when it comes to wages, are those of utilities (where the wages rose by 10.3% year-on-year in August), IT (+11.3% yoy), and oil services (+11.8% yoy).

(Photo: Octav Ganea/ Inquam Photos)

[email protected]

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