Monday, July 7, 2008

Wages Rise 23% in Romania

07 July 2008 Bucharest _ The net average salary in Romania rose by 23 percent in May compared to twelve months earlier, the National Forecast Commission says.

Wages now stand at an average of Lei 1,248 (€347).

Gross average incomes stood at Lei 1,704, compared to Lei 1,750 last year.

The net average income of Romanians grew by more than 15 percent in December 2007 compared to the previous year.

For 2009, the National Forecast Commission is expecting a net average salary of Lei 1,303, which will rise to 1,819 by 2013.

However Bulgarians and Romanians still have the lowest incomes in the European Union, according to leading international bankers, JP Morgan. Read more:

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