Romania

Last Update by Marta, 03 Oct 2024

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Exchange Rate

10 Oct 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.,700
3 Bedrooms Rental (Outskirt) 3,240

Current Inflation Rate

5.1%

Wage

Minimum Wages

  • For general workers
    - 3,300 RON per month, 22.02 RON per hour
  • For construction workers
    - 4,582 RON per month, 27.71 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
 3,500
Mid-Level
5 Years
 6,000
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%
 - All staff
Pension and Disability Fund (optional) 4% - All staff under particular work conditions
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%
  • A tax resident is an individual who meets one of following criteria:
    - Residence in Romania for at least 183 days in a calendar year
    - Have their centre of life interests in Romania

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 minimum 75% base salary pro rated

Employment Contract

Permanent

Contract Format

Written, in Romanian signed by both parties.
Copies in other languages accepted, but the Romanian version prevails

Payroll Currency

RON

Probation

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

Contract Period

No minimum or maximum duration

Termination

  • Notice during probation for staff and employers:
    - written but no notice or reasons required
  • Notice after probation:
    - Managerial positions: 45 working days
    - Non-managerial position: 20 working days
  • Severance:
    - No mandatory severance pay, unless the relevant trade unions have agreed otherwise

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 6 in 12 months social security contributions
Maternity Leave 126 working days
63 days before birth, 63 after 		All expectant mothers with 6 months' service
Parental Leave Up to 2 years All parents till the child turns 2 years old
Paternity Leave 10 working days
15 working days - father who have taken a childcare course 		All expectant fathers
Special Leave Marriage- 5 working days for own wedding, 3 for child's wedding
Death- 3 working days for immediate family, 1 for extended family
Blood donation- 1 working day 		All staff

Reference

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