PENSIONS
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Romania Hotels and Pensions Rake In Record High RON10.8B Revenues in 2023, RON2B Profit
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the owners on the market, in line with Trade Registry data.
Romania Hotels and Pensions Accommodated 5.7 Million Tourists in H1/2024, Just 3% More Vs H1/2023
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania s...
AHK Romania: Parliament’s Decision To Raise Pensions By 40% Is A Major Risk For Local Economy
German companies in Romania, reunited in the Romanian-German Chamber of Commerce and Industry (AHK Romania), believe the Romanian Parliament’s decision to increase pensions by 40% represents...
Central Bank: Budget Deficit Can't Be Adjusted Brutally
Romania's major macroeconomic challenge starting 2021 is adjusting its budget deficit and macroeconomic imbalances as international markets are unlikely to accept large deficits for years to...
Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and...
CEC Bank to Issue Free Debit Cards for Pensioners
Romanian state-owned lender CEC Bank will issue free debit cards for people who cashed their pensions at bank offices and will deliver them at the customers' homes addresses via the Romanian...
Analysts: Romania Risks Overshooting 5% Budget Deficit Threshold In Coming Years
Romania’s 2020 state budget is optimistic, which significantly increases the risk of reaching a 5% government deficit, in the coming years, if the current pension increase calendar is mainta...
Study: Romanian Public Pensions System Set To Suffer A “Shock” In 2027-2031
Romania’s public pensions system will face serious difficulties between 2027 and 2031 due to population decline, with the problem to worsen by 2050, according to a study presented on Friday...
AmCham: New Pension Bill Mustn't Create Budget, Macroeconomic Imbalances
AmCham Romania, an organization consisting of 430 companies, expressed concern Wednesday over the government's recent approval of a new pension bill that would significantly raise social sec...