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.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
