LABOR COST
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Macroeconomics
Statistical Office: Romania's Average Monthly Labor Cost At RON8,439/Employee In 2024
Romania's average gross monthly earnings stood at RON8,061 (EUR1.588) in 2024 , higher by 14.5% (+RON1,019) than in the previous year, data from the country's statistical office INS showed on Thursday (Sept 25).
Analysis
Roland Berger: Romanian Cannot Rely On Cheap Workforce For Growth Anymore
Romania should no longer count on foreign investors coming here attracted by the low labor costs because there will always be a country in the world with lower production costs, believes Rol...