Romanian Market News

Romanian Market News In Brief – Friday 18/11/2022

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ECONOMY

-Wholesale trade, which does not include motor vehicles and motorcycles, increased by 25% in January-September 2022 y-o-y, the National Institute of Statistics (INS) data showed.

-All the activities provided as market services for enterprises contributed to the increase of turnover in this segment by 27.9% in January-September 2022 y-o-y, INS data showed.

-The gross national minimum wage guaranteed in payment is set at the amount of 3,000 lei per month, as of 1 January 2023, for a normal working schedule, on average 165,333 hours per month, which represents an increase of 17.6% compared to December 2022, according to a draft Government Decision published on the website of the Labor and Social Solidarity Ministry (MMSS).

COMPANIES & MARKET

-Job vacancies in Q3 2022 stood at 45,300, by 700 fewer compared to the previous quarter, INS data showed. The Romanian public sector accounted for 23% of total job vacancies while the manufacturing industry accounted for just over one quarter of the total number of vacancies (11.6 thousand vacancies)

-RE/MAX study: The majority of Romanians are homeowners and many are looking for a new home

-The coaching market in Romania is approaching the threshold of 50 million euros, after annual increases of approximately 20%, according to the estimates of specialists in the field.