The wage index in March 2013 is 455.3 points, 1.3% higher than in the previous month. In the last twelve months the monthly wage index has risen by 5.5%.
|Wage Index 2012-2013|
|December 1988=100||Change from previous month, %||Annual rate based on the change |
in the last
|Index||3 months, %||6 months, %||12 months, %|
|Notes: Wage index is calculated and published according to law no 89/1989. The wage index is based on regular hours earnings each month, calculated and published in the month following calculation.|
Real wages increased by 1.1% from the previous month
The real wage index in March is 113.7 points, 1.1% higher than in the previous month. In the last twelve months the real wage index has increased by 1.5%.
The collective agreement between the Minister of Finance, on behalf of the State Treasury, and Federation of General and Special Workers (on behalf of its member unions), signed June 2011, stipulates a general wage rise of 3.25% in March 2013.
Agreements between the Association of Local Authorities and Municipal Employees, signed May 2011, stipulates a general increase in wages tables, from 1st. March 2013.