Social/Politics
First Home Program Gets RON1.5B For Guarantees Next Year
Next year's government-guaranteed mortgage lending First Home program will have a guarantee budget of RON1.5 billion, according to a government decision.
Romanian Cabinet Approves Minimum Wage Raise Starting May 1
Romania's government approved a raise in the minimum wage to RON1,250 from RON1,050 as of May 1, 2016, government spokesman Dan Suciu said Wednesday.
Romanian Government Plans to Raise Minimum Wage as of May 1
Romania's government has drafted a plan to raise the gross minimum wage to 1,250 lei (around EUR276) from the current RON1,050 as of May 1, 2016, following negotiations with trade unions.
Romania Puts Off Enforcement Of Personal Insolvency Law Until December 2016
The Romanian Government on Wednesday adopted an emergency ordinance putting off the enforcement of the personal bankruptcy law until December 2016, said the Executive spokesperson Dan Suciu.
Romanian President Signs State Budget, Social Insurance Bills Into Laws
Romanian President Klaus Iohannis on Friday signed off the state budget and social insurance bills into laws, according to the presidential administration.
Romanian Parliament Approves 2016 State Budget
Romanian lawmakers on Wednesday approved the 2016 state budget plan with 309 votes in favor and 13 against.
Minister Hopes Romania’s EU Funds Absorption Rate For 2007-2013 Will Reach 70%
Romania’s European Funds absorption rate for the 2007 – 2013 program currently stands at 60%, EU Funds Minister Aura Raducu said Thursday, adding she is hoping the rate will reach 70%.
Government Approves Pension Point Increase By 5% To RON871.7
Pensions will be raised by 5% in 2016, instead of 4.31% as previously calculated, therefore, the pension point will rise to RON871.7, from RON830.2 in 2015, as per an emergency ordinance app...
Government Extends Deadline For Increase In Mandatory Private Pension Contributions Until 2017
The Romanian Government on Wednesday decided to push back to 2017 the deadline by which contributions to the mandatory private pension system (Pillar II) will be increased to a maximum ceili...