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April 18, 2021
BUSINESS

Arges and Cluj counties, spared by recession

Recession widened the gaps between Romanian counties, reveals the National Prognosis Commission (CNP), quoted by Romania Libera. According to the source, the Gross Domestic Product of Arges County increased by 3.9 pc in 2009 and 4.6 pc in 2010. In Cluj, the GDP picked up 0.5 pc in 2009 and 1.5 pc in 2010. The two counties host Romania’s biggest exporters, respectively Dacia and Nokia. Five other counties were able to overcome the recession last year: Timis and Arad with GDP increases of 1.4 pc each, Sibiu (+0.8 pc), Prahova (+0.5 pc) and Brasov (+0.4 pc). At the opposite end, the sharpest GDP decline was registered in the counties of Mures (-14.2 pc) and Galati (-12.8 pc). In Galati, the decrease was a consequence of collapsing steel prices, as the county hosts Romania’s largest steel mill.

Coming to net salaries, the differences go from RON 1,000 in Bihor to RON 1,900 in Bucharest. The economy of the capital city dropped both in 2009 (-6.5 pc) and 2010 (-2 pc). The decline however follows a spectacular increase of 18.2 pc in 2008, mainly driven by a 50 pc hike of the construction sector.

Though Moldavia kept an unenvied first place in terms of unemployment rate last year, the most worrying evolution with this regard was experienced by Transylvania. According to CNP data, the central region of the country – the counties of Alba, Brasov, Covasna, Harghita, Mures and Sibiu – lost over 26,000 employees out of a total 586,000 existing in 2009. The drop by 4.5 pc places Transylvania first in a top of unemployment rates’ increase. Vaslui remains the county with the highest number of jobless (52,000) and an unemployment rate of 11.4 pc. At the opposite end is Bucharest, with 2.3 pc. By 2014, the average net salary in Bucharest will gain 20 pc, up to RON 2,300. At country level, the average net salary will reach RON 1,700 in 2014 and the number of employees will increase by 200,000, to 4.8 million.

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