The public pension system ended last year with a deficit of more than 2 billion RON, while revenues amounted to 109.8 billion RON and expenses to 111.9 billion RON, according to a draft law published by the Ministry of Finance.Revenues of the system for workplace accidents and occupational diseases amounted to 221.1 million RON.Thus, the total revenues of the state social insurance budget collected in 2023 amount to 110 billion RON and the total expenditure to 112 billion RON, resulting in a deficit amounting to 1.99 billion RON, according to the draft law for the approval of the annual general account of execution of the state social insurance budget for 2023 and the annual general account of execution of the unemployment insurance budget for 2023.The total revenue of the state social insurance budget collected in 2023 increased by 11.8% compared to 2022 (97.9% compared to the final budget provisions).The insurance contributions last year amounted to 98.39 billion RON, 2.23 billion RON below the final budget estimates (89.4% of total revenue collected). They were made up of employers' contributions, amounting to 1 billion RON, 1.3 billion RON below the level of the final budget provisions (1% of total revenue collected), and insured persons' contributions, amounting to 97.31 billion RON, 916.2 million RON below the final budget estimates (88.4% of total revenue collected).As regards the insurance scheme for workplace accidents and occupational diseases, it recorded revenues of 221.1 million RON and expenditure of 151.1 million RON, resulting in a surplus of 70 million RON.The total revenue of the unemployment insurance budget collected in 2023 was almost 3.8 billion RON and the total expenditure was 2.1 billion RON, resulting in a surplus of 1.69 billion RON.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
