Romania

Last Update by Katie, 06 Jun 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Bucharest

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (RON)
McDonalds Set Meal 35
Monthly Train and Bus Tickets 80
3 Bedrooms Rental (City Center) 4.,443
3 Bedrooms Rental (Outskirt) 3,094

Current Inflation Rate

6.61%

Wage

Minimum Wages

  • 3,000 RON per month, 17.85 RON per hour

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (RON)
Entry-Level
Fresh Graduate
3,000
Mid-Level
5 Years
5,000
Experienced & Managerial Level
10 Years
10,000
Specialized & Senior-Level
15 Years
12,000

Annual Salary Growth

13.8%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Labour fund 2.25%
On staff's monthly gross salary
- All staff
Pension and Disability Fund (optional) 4% - All staff
Social Security - 25% All staff
Health Insurance - 10% All staff

Income Tax

Residents

  • Tax period: 1st January - 31st December
    Filing due date: May
  • Flat rate: 10%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Romania is taxed at 10%

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 Hours
Monday - Friday

Overtime

Working hours including overtime can not exceed 48 hours per week

  • Compensated by paid leave during work time, for hours worked, given within 60 days of when the overtime was completed
  • When paid leave is not possible, staff receive 75% base salary pro rated

Employment Contract

Permanent

Probation

  • - Executive positions: 90 calendar days
    - Managerial positions: 120 calendar days

Termination

  • Notice period:
    - Managerial positions: 45 working days
    - Non-managerial position: 20 working days
    - Notice periods do not apply to both parties if staff are in probation
  • Severance:
    - None due

Public Holiday

11 days

Country Level

Date Name
01 Jan - 02 Jan New Year's Day
06 Jan Epiphany
07 Jan Saint John the Baptist
24 Jan Union Day
01 May Labor Day
03 May Orthodox Good Friday
05 May - 06 May Orthodox Easter
01 Jun Children's Day
23 Jun - 24 Jun Orthodox Pentecost
15 Aug Assumption of Mary
30 Nov Saint Andrew's Day
01 Dec Great Union Day
25 Dec - 26 Dec Christmas Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days All staff
Sick Leave 183 calendar days
All staff that have paid 6 out of 12 months social security
Maternity Leave Up to 126 working days
42 calendar days must be taken after childbirth
All expectant mothers
Paternity Leave 10 working days
15 working days
All expectant fathers
Fathers that have taken a childcare course (extra 5 days granted)

Reference

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