The average net monthly wage rose to 918 lei ($355) in January, the National Statistics Institute said in a news release today. Wages fell 17% from December when workers received Christmas bonuses. The institute said the wage increase from a year earlier stemmed mainly from greater output and resulting higher wages in clothing factories, agriculture and some service sectors.
National Bank of Romania Governor Mugur Isarescu said on February 15 that wage growth, spurred by a labor shortage and increased investment as Romania joined the European Union on January 1, will be a main inflation threat this year. Isarescu said the central bank will keep the annual inflation rate below 5% this year, from 4.7% in December of last year. (Bloomberg)
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