Romanian Real Wages Estimated To Drop 3.3% In 2010, To Increase Again No Sooner Than 2013

Romanian real wages are estimated to drop by 3.3% this year, after a 1.5% decrease in 2009, and they will increase again no sooner than 2013, according to the country’s three-year fiscal strategy approved by the Government Wednesday.

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The average number of employees will drop by over 100,000 in 2010, to 4.6 million employees, and the unemployment rate will increase to 8.5% (760,000 unemployed people).

The document reads that the average number of employees in 2009 hit 4.77 million, down 5.4% compared to 2008.

The average number of employees in the first half of the year was of 4.29 million, down 413,000 people compared to the same interval last year, and dropped 7.7% in June 2010, compared to June 2009.

The strategy estimates that the average number of employees will increase by 0.5% in 2011, by 1% in 2012 and by 0.8% in 2013. Considering these figures, the number of employees will hit 4.77 million no sooner than 2013.

The average gross salary estimated for 2011 will be of 2,022 lei (EUR1=RON4.2394), up 5.9% compared to 2010, and of RON2,232 in 2013.

The real wage will increase by 0.4% in 2011, 1.5% in 2012 and 1.7% in 2013.

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