Only one in ten employers plan to adjust gross pay in the context of the elimination of tax relief for employees in IT, construction and agriculture and expect lower employee motivation and higher staff turnover, according to a survey conducted by PwC Romania, between 14-20 January. ‘Only one in ten employers intend to adjust the gross salary in the context of elimination of tax relief for IT, construction and agriculture employees, and expect a drop in motivation for the employees and higher turnover’ according to the results of the HR Barometre survey made by PwC Romania between 14-20 January 2025. According to the ordinance, adopted at the end of 2024, starting with January 2025 incomes, the tax facilities concerning the exemption from income tax and contributions to privately managed pension funds for employees in the IT, construction and agri-food sectors, previously applicable for gross monthly incomes up to and including RON 10,000, are abolished. For example, in IT the elimination of the exemption from income tax and reintroduction of compulsory contribution to Pillar II pensions lead to monthly losses between 650 and 1.125 lei for those with gross salaries between 10,000 and 20,000 lei. At the same time, two out of ten companies intend to attenuate the impact of the fiscal changes through supplementary benefits or training and personal development programmes. More than half of the interviewees consider that the elimination of the exemption from income tax will lead to reduction of motivation and productivity of the employees, and four out of ten companies consider that personnel turnover will increase among the employees affected by the legislative changes. A third say they did not take any measures until now and 46% did not take any decision. The HR Barometer survey was conducted by PwC Romania between 14 - 20 January 2025, based on information provided by 130 participating companies from IT and Telecom - 22%, Outsourced Services - 17%, Financial Services - 12%, Industrial Products - 10%, Consumer Goods, Distribution - 9%, Retail - 9%, Pharmaceuticals - 7%, Automotive - 7% and Construction - 2%.
Romania's president Nicusor Dan invited magistrates' bodies and government officials to agree on November 12 on a compromise form for the magistrates' pensions law that would not be referred to the Constitutional Court (CCR) but would be legislated quickly, such as to meet the November 28 deadline set under the National Recovery and Resilience Plan […]
The number of positions in each of the local administration units (including those vacant at this moment) will be cut by 30% under an agreement reached by the ruling coalition on November 11, development minister Cseke Atilla announced. This would result in an overall 10% reduction in the number of employees in the local administration […]
Bucharest remains at the forefront of Romania’s real estate market, attracting the highest transaction volumes and consolidating its role as the country’s main investment hub. North Bucharest Investments reports €161 million in transactions by the end of October and expects a 25% increase by year-end. In October 2025, a total of 58,502 properties were sold […]
Nine hospitals that lost funding from Romania's National Recovery and Resilience Plan (PNRR) because they could not be completed on time will be financed through the Health Program 2021–2027 (EU4Health programme 2021-2027), which is also from European funds. The EU4Health money for Romania was initially designed to be used for additional investments in the medical […]
Banca Comercială Română (BCR), part of Austria’s Erste Group, announced it successfully completed a new local bond issue worth RON 1.125 billion (some EUR 225 million), further expanding its base of eligible liabilities. The bonds will be listed on the Bucharest Stock Exchange. It is the 13th bond issue issued by BCR, and the bank […]
French Tech Bucharest is proud to announce the fourth edition of its flagship event, Inspiring Women in Business, taking place on November 14th, 2025, at the Romanian-American University (1B Expoziției Boulevard, Bucharest), starting at 18:30, with free entrance. This renowned event will celebrate exceptional women who are shaping the businesses through transformative times, sharing their […]
