Economy
Salary Level from Romania : Average Salary
This national average has significant differences sectoral on the one hand and regional on the other.
Articles
Social
Overview of Romanian labor law
According to Romanian labour laws, the minimum age required to be hired for work is 16 years of age. A 15 year old can be hired for certain activities which will not affect their health or professional development only by consent their parents or legal representatives. The law requires that a ...
Social
Romanian minimum wage
On 1 January 2025, the minimum wage in Romania increased by 12% to RON 4,050.00 gross (around EUR 800.00 gross). This increase benefits more than one million Romanian employees. The increase in Romania's minimum wage is not an isolated measure, but part of a wider European context. ...
Accounting
The monthly balance sheet
Romanian companies of all sizes are required to draw up a monthly balance sheet1. The purpose of the monthly balance sheet is to enable the amounts contained in the accounts to be verified each month, in order to ensure that all the accounting transactions are correctly and completely ...
Economy
Real estate in Romania: the evolution of a buyer's market
Housing prices in Romania: 2000 - 2008 The Romanian real estate market experienced a strong surge at the turn of the millenium. Average real estate prices in large cities like Bucharest doubled between 2005 and 2008, and quadrupled between 2003 and 2008. Housing prices in Romania: 2008 - ...
Accounting
E-Invoice: How to Dispute an Invoice?
There is a specific procedure to dispute an electronic invoice (E-invoice) submitted in the Virtual Private Space (SPV).Procedure for Disputing an Electronic Invoice (E-Invoice)1. Invoice Identification : In the notification message, the invoice recipient must clearly identify the invoice being ...