Romania Plans To Ban Parallel Export Of Medicines

Drug distributors threaten to take the Romanian state to court after the Health Ministry set off procedures to ban the parallel trade of vaccines. The measure is to be extended to medicines included in national programs.  

Romanian authorities’ measure banning the parallel export of medicines for one year triggered a huge scandal on the pharmaceutical market. Drug distributors are the most affected because they are entitled, under the law, to export drugs to other European countries that pay higher prices. (Adevarul)

SME Council Speaks About Unitary Pay Law   The National Council of Romanian Small and Medium-sized Enterprises, or CNIPMMR, said, with respect to the unitary pay law in the public sector, that the evolution of the net wage in the public sector was more than twice higher than that in the private sector, in 2016.   Wage raises for public sector employees must not deepen further the existing gap between public workers’ average wage and that of employees in the private sector, according to CNIPMMR.   CNIPMMR data also show that wage in the public administration in Romania, compared with the average per economy, are way higher than those in countries in Central and Eastern Europe, and the evolution of the public/private wage ratio places Romania above countries like Poland, Hungary, Slovakia and the Czech Republic. (Adevarul)   Humanitarian Causes Could Be Seriously Impacted By New Tax Code   Work groups with the Finance Ministry, which are working on amendments to the Tax Code, are considering introducing a new system meant to replace the distribution of 2% of the income tax, starting 2018.

Should this variant be kept, the taxpayer will be entitled to deductions, including for food and vacations.

The Finance minister said last week that the propositions amending the Tax Code would be officially announced in two months’ time. The propositions target the value added tax, social contributions and the income tax. The new Tax Code is to become effective on January 1, 2018. (Puterea)

Romania Unemployment Rate At 5.3% In March

Romania’s seasonally adjusted unemployment rate stood at 5.3% in March, from 5.4% in February, the country’s statistics board said Tuesday.

An estimated 486,000 people were unemployed in Romania in March, compared with 489,000 people in February and with 561,000 people who were jobless in March 2016, the data showed.

The jobless rate among women stood at 4.9% in March, while among men the rate was 5.7%. (Puterea)

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