President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
The average monthly pension in Romania was 2,427 lei in Q2 2024, up 0.4% compared to the previous quarter, while the average number of pensioners remained 4,971 million, according to published data on Friday by the National Institute for Statistics (INS). According to official statistis, between April and June 2024, the average state social insurance pension reached 2,292 lei, and the ratio between the average net nominal state social insurance pension for old age with full contribution period (without tax and contributions of social health insurance) and the average net salary was 50.4% compared to 52.4%in the first three months of the year. Compared to the Q2 of the previous year, the average number of pensioners decreased by 7,000 people and that of the category belonging to state social insurance increased by 1,000 people. At the same time, the average monthly pension and the average state social insurance pesion increased, from one year to the next, by 15.1% and 14.3% respectively. INS data reveals that, compared to the period January - March 2024, in the next three months the average number of pensioners decreased by 6,000, down to 4,971 million and the average number of state social insurance pensioners decreased by 3,000. The average monthly pension reached during the analysed period, 2,427 lei, 0.4% higher than the previous quarter. At the level of Q2 2024, social security pensioners held the majority share (99.98%)in the total number of pensioners, while state social security pensioners while state social security pensioners represented 92.5% of the total number of social security pensioners. By pension category, among social insurance pensioners, the number of those who retired due to age limit was predominant (80.2%)followed by pensioners with survivor's pensions (9.7%) and pensioners with disability pensions (8%). At the same time, in the category of social insurance pensioners, the lowest shares were those with partial early pensions (2%) and pensioners with early pensions (0.1%). The ratio between the average number of state social insurance pensioners and that of employees was 8 to 10, with significant variations in the territorial profile, from only four pensioners to ten employees in Bucharest and Ilfov county, to 14 pensioners to 10 employees in Vaslui county, respectively 15 pensioners to 10 employees in Teleorman county. The average state social insurance pension varied with significant discrepancies in the territorial profile, the difference between the minimum and maximum amount being 1,243 lei (1,811 lei in Botosani county, 1,826 lei in Vrancea county, 1,829 lei in Giurgiu county compared to 3.054 lei in Hunedoara county, 2,910 lei in Bucharest and 2,744 lei in Gorj county). According to the quoted source, the total number of beneficiaries of the provisions of GEOno6/2009 regarding the establishment of the minimum guaranteed social pension (currently social allowance) in Q2 2024, was 1,140 milion people, out of whom: 1,039 million from state social insurance system (22.6% of the total number of pensioners in this category), 96,600 - pensioners from former system of farmers (65.2% of the total) and 3,700 - the military system ( 1.7% of the total).
President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]