More than three quarters of the companies included in a survey conducted by the National Council of Private Small and Medium-sized Enterprises in Romania (CNIPMMR) believe that an increase of the minimum wage as of January 1, 2016 will create difficulties for the company, said Ana Bontea, director of the Legal and the Social Dialogue Department with CNIPMMR during a conference on Tuesday.According to the source quoted by romaniajournal.ro, 62% of those surveyed believe that the increase of the minimum wage will mainly lead to layoffs and only 16% said there would be no effects on the salary scale at the enterprise level for all employees. Asked what measures are considered necessary to be taken in order to ensure the minimum wage increase in 2016, 80% pointed to stimulating investment, 75% to simplifying bureaucracy, 62% to lower taxation and 48% demanded other measures. The new Government did not include in the budget an increase of the minimum wage to RON 1,200 from RON 1,050, the interviewees expressing conviction that in the future government and the parliamentary parties will not make a decision in this area without a rigorous impact survey.CNIPMMR conducted during December 4-7, 2015 a consultation on increasing the minimum wage in 2016. Respondents to the survey are 45% are micro enterprises, 18% small enterprises, 27% medium-sized enterprises and 9% large companies.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
