The Government is set to freeze, for the moment, the minimum wage at 1,050 lei (approximately 235 euro), even though the former cabinet promised to increase the wage to 1,200 lei (approximately 270 euro) from January 1, 2016."We will analyze the impact an increase in the minimum wage would have and, eventually, we will recommend increases that can take place. From January 1 it will not increase, because we cannot make this estimation on the economy and we would say for naught that we want to stimulate the economy with such a generous fiscal package that we made a great effort to include in the budget if we were to take a measure that could destroy the business environment. We cannot make this increase overnight, because this measure can significantly affect the competitiveness of Romania", said, on Friday, the Minister of Public Finance, Anca Dragu. She mentioned that the analysis regarding the impact is underway, but that the measure must be analyzed especially in the private area, because the public sector yields no wages under the minimum wage, given the increases approved this year for various categories, such as workers in healthcare, education and local administration, but also the 10 percent increase for all public sector workers decided upon recently. Furthermore, the Minister claims that such a measure can determine a migration of personnel from the fiscalized white area to the gray or black area of the economy. The Ponta Government had scheduled in its governing programme the increase of the minimum wage to 1,200 lei from January 1, 2016, and the former PM had promised additional increases to 1,300 lei until the midpoint of 2016 and 1400 lei from January 1, 2017.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
