In Romania, employment contracts are generally regulated by the provisions of Labour Law no. 53/2003 or the Labor Code, which provides for a set of minimum general principles to be applied in the employment relations.
According to the Inflation Report published by the NBR, during the period from October 2016 to January 2017, the number of employees in the economy kept rising at the relatively robust pace it had posted since the beginning of 2016 (+3.5 percent in annual terms). The advance was further ascribable to hiring in market services in particular, with trade, administrative and support service activities, and transport making significant contributions, bolstered by the brisk pace of increase of consumption.
