Pay rises in telecommunication industry

The lowest increases in net earnings were registered in the activities of radio equipment, television and telecommunication (7.9%) and financial intermediation – except insurances and pension funding- where the pay packages increased by 8% in average.

The gross average salary rose 23.5% last year, compared to a year earlier, the gross average salary registering hikes in all economic activities in 2008, compared to 2007.

INS representatives said the absolute values of annual earnings’ medians for 2008 will be made public no sooner than September 2009, in a more ample report.

The average net salary rose 9.4% in December

Romanians earned 1.489 lei (euro) in average in December, 9.4% (128 lei) more than in prior month, while the annual growth pace slowed down to 17.6%.

In November 2008, the annual growth pace of net average earning was 21.4%, Romanians receiving 1.361 lei (361 euro) in average.

The gross average salary amounted to 2,023 lei (517 euro) in December, 9.7% more than in November.

The annual growth pace of salaries remains above the labor productivity in industrial sector, of 6.2% in first 11 months in 2008, although the central bank warned repeatedly that maintaining a growth pace of earnings above the labor productivity advance will set off unbalances in economy and exerts pressure upon the inflation.

In real terms, given the inflation in the analyzed interval, the average net earning increased by 10.6%in December 2008, versus the last month of 2007.

Compared to October 1990, the real average earning was 39.4% higher than in December 2008, reads the data remitted by INS.

In December 2008, the biggest net salaries were earned by those who work in financial intermediation (4.285 lei, 1.094 euro), and the lowest ones in clothing (791 lei, 202 euro).

13th salary and holiday bonuses increased December’s average earning

Compared to November, the net average earning increased in December in almost all economic sectors, mainly determined by the 13th salary and bonuses, pay negotiation or high production.

The highest increase of net average earning in December was registered in financial intermediation (39.3%), chemical substances and products (32.4%) and tobacco products (32.1%) respectively.