Average and minimum salary in Bucharest, Romania: let’s analyze the prospects of one of the fastest growing economies in the EU
The average and minimum salary in Bucharest, Romania give a nice insight of this Southeastern European country, which is growing steadily in the past few years.
Since the fall of Ceaucescu, Romania has migrated from a planned economy to free trade in a market economy. Romania today is a full European Union member, and one of the fastest growing economies in the bloc.
Minimum Salary in Bucharest, Romania
The minimum salary in Romania rose ten times its nominal value in less than 20 years. This helps to explain the transformation that the Romanian economy is facing, attracting a number of companies, investors and immigrants to the country.
Currently, the minimum salary in Bucharest, Romania is of 2080 RON or €437. This figure is valid for the whole territory of Romania and is likely to rise once again in 2020. You can use this Romanian website to calculate your net salary in Romania. These figures are gross.
Average Salary in Bucharest, Romania
Bucharest concentrates most of the wealth in the country, however other Romanian cities also attract foreign investment. As the capital of country, it is no surprise that Bucharest has the highest average salary in Romania.
The average salary in Bucharest is currently around 3881 Romanian Lei, or about € 820. It is important to stress on the fact that the cost of living is also the highest in the capital, especially when it comes to renting an apartment.
Bucharest, Romania: Economic Outlook
Romania’s economy is very diversified, and Bucharest is booming for a number of factors. There are opportunities in a number of sectors, including the industry and services.
Despite the recent rise in Romanian wages, salaries in the country remain low for European standards. Romania has however, a talented workforce, and good education institutions. This scenario allows company to maximize their efficiency and profits while operating in Romania. Bucharest is a livable city, and safer than most Western European capitals, attracting more and more qualified staff to reside in the city.
For foreigners willing to invest in the country, there are many opportunities, especially in IT. The qualified workforce combined with low labour costs attract many Western European companies that open branches or even relocate entirely to Romania.
If you are traveling to Romania anytime soon, check our post on the best places to stay in Bucharest. For those looking for employment, check our post on how to find a job in Romania.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world. It might be a good option if you going for a long travel.
Jetradar: Compare and book flights around the world with our own flight search fare tool.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Travel always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.