The governing coalition is preparing an emergency ordinance to support the employees of the companies targeted by the sanctions against Russia, the Minister of Labor and Social Solidarity, Marius Budai, declared on Wednesday, at the end of the Government meeting."We are preparing an emergency ordinance at the coalition level that will have provisions for furlough. We have already convened a social dialogue committee at the Ministry of Labor strictly for this matter. It seems that there are solutions and I introduced an article in the emergency ordinance for furlough with a certain derogation. So there are solutions, as we have identified, for the payment of unemployment, there will certainly be solutions for salaries. When the social dialogue committee is over, you will certainly receive information. There are solutions, people should not panic. This ordinance is on the agenda of the coalition meeting and I hope that if not Friday, then I hope next week we will have it in the Government. I proposed this ordinance to the coalition because there is this danger of closing production capacities due to the crisis in Ukraine, Russia and Belarus," said Marius Budai.On the other hand, the Minister of Labor stressed that it is out of the question for pensions to decrease next year, after the entry into force of the increase to 4.75% of the percentage transferred to Pension Pillar II.At the same time, the Minister of Labor specified that he does not support the proposal to reduce the social security contributions by 5%."I do not support it. Because that transfer to Pillar II will deprive Pillar I with a certain amount, and I do not think it is time to skim Pension Pillar I any further. (...) I re-discussed with the unions, the three that have called me so far, informed me that they do not support the reduction of CAS, motivated by the current economic situation and the removal of a sum of money from Pillar I," added Marius Budai.
DropCoal, the experiment developed by the Romanian InSpace Engineering (RISE) with the support of the European Space Agency (ESA), is now operational on the International Space Station (ISS). Astronaut Donald Pettit installed it last week in the ICE Cubes Facility, and the entire process went smoothly, according to RISE. The experiment will run for 6 months […]
While half of Romanian households manage to save money each month, 57% of these savings are kept in cash, according to the 2024 Debt Barometer, a study conducted by IRES in partnership with KRUK Romania. The research looks at financial habits, spending priorities, and debt payments, highlighting a pressing need for economic education and tailored […]
Romania’s national football team defeated Cyprus, 4-1 (2-0), on Monday, November 18, and consolidated its position as leader in Group C2 of the Nations League. The match began in Bucharest’s National Arena, and Romania scored immediately through forward Daniel Bîrligea. Cyprus responded with their own attacks but Romania scored again right before halftime. Back on […]
In an official statement marking 1,000 days since Russia began its full-scale invasion of Ukraine, US ambassador to Bucharest Kathleen Kavalec said the United States and Romania "stand together to counter the threats posed by Russia in Ukraine and in Europe" and thanked Romania for its support for Ukraine and its citizens. "Romania has shown […]
Radiology and dental tomography network DigiRay has acquired the three Maraffka clinics in Ploiești, a city 60 km north of Bucharest. This is DigiRay's third acquisition after buying the Dental Scan centers in Bucharest in 2021 and YTS Dental View in Oradea, in northern Romania, this year. DigiRay (Clinică Dentară S.A) was founded in 2011 […]
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
