SOCIAL SECURITY
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New Government Might Lower Social Security Contributions
The governing program of the Cabinet proposed by Prime Minister Designate Mihai Razvan Ungureanu will include wage raises, to be achieved either directly or by lowering social security contr...
Romanian Parliament Adopts 2012 Social Security Budget
Romania’s Parliament on Thursday adopted the country’s 2012 social security budget.
Parliament Committees Approve Romania's 2012 Social Security Budget
Romania’s parliamentary committees on Friday approved the country’s 2012 social security budget, which total s 44.132 billion lei (EUR10 billion), according to Labor Minister Sulfina Barbu.
Government Boc Promises To Cut Welfare Budget By Just 1.2%
The 2012 budget provides for a reduction of welfare spending by 1.21% against 2011, to 13.95 billion lei (EUR3.2 billion), according to data published on the website of the Finance Ministry...
Romania's Draft 2012 Budget Includes No Salary Or Pension Raises
Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion le...
Way Out Of Recession As Seen By Foreign Investors
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorp...
Romania Postpones Social Contribution Reduction For 'Best Time'
Romania's Government has decided to postpone reducing the social security contributions paid by employers for "the best time" since it cannot afford this measure in the current economic cont...
Romania Cannot Reduce Social Security Contributions In 2011 - President
Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011.
IMF: Romania May Reduce Social Security Taxes If It Guarantees Budget Gap Below 3% In 2012
Romania may reduce the social security taxes paid by employers only if there are guarantees that it can achieve the fiscal targets of 2011 and 2012, when the budget deficit must drop below 3...