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Articles - human resources

Țiriac appointed Bogdan Cernescu as head of real estate division

Businessman Ion Țiriac appointed Bogdan Cernescu as head of real estate division. Cernescu was the head of Erste Group Immorent România, with leasing and development activities in the real estate sector, part of the Austrian group Easte.

Romania, second largest increase in labor costs in the EU

Latvia, Romania, and Bulgaria registered the largest increases in labor costs among the EU member states in the second quarter of 2015 compared to the same period last year.

Răzvan Gaiță left Sema Parc for the American fund Portico Investments

Răzvan Gaiță left Sema Parc after a year and went to the American fund Portico Investment, the owner of several commercial spaces mainly in Transylvania area, rented to retailers such as Billa, Lidl, Penny.

Study: Firms in Romania have the most optimistic provision about employment in Q4

One out of four employers in Romania intends to attract personnel in the company in the last quarter of the year, Romanian employers reporting a net employment provision of +16%, the most optimistic of 25 countries and the best since Q4 2008 to the present, a Manpower study shows.

Romania to reach Germany’s hourly salary in 30 years

The hourly cost per employee amounts to EUR 4.6 in Romania, compared to an hourly cost of EUR 31.4 in Germany. It will take at least 30 years for a Romanian employee to reach the current salary level of an employee in Germany, according to Ziarul Financiar’s estimations based on the average salary growth in Romania over the past 15 years.

Romanian PM: Govt. wants to raise minimum wage three times by 2017

The Government plans to raise the minimum wage in three steps next year so that it reaches RON 1,400 (EUR 316) by January 2017, said Prime Minister Victor Ponta. The incremental increases are easier to absorb both by the private and the public sector, Ponta added.

Hourly labour cost goes up by 4.3% in Romania

The hourly cost of labour in Romania increased by 4.3% in the second quarter of the year compared to the previous quarter and by 7.6% year-on-year.

Romania one of two states in Europe with unemployment rate unchanged

Seasonally adjusted unemployment rate in Romania was at 6.8 percent for the month of July, at the same level against the previous month as well as year on year, recent data from the National Institute for Statistics (INS) shows.

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