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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
