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.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
