The government will approve the granting of a monthly allowance similar to the one paid during the pandemic period, respectively 75 pct of the basic salary, for the employees of the companies where the activity is ceased, Prime Minister Nicolae Ciuca said on Wednesday, at the beginning of the Cabinet meeting."Given the impact of the current crisis and, in particular, the current crisis of electricity and gas prices, as well as that of the effects generated by the war in Ukraine, we will adopt a piece of legislation by which we will continue to protect the economy and jobs. And thus, for the companies where the activity is ceased, we will ensure a monthly allowance similar to the one paid during the pandemic, respectively 75 pct of the basic salary," Ciuca said.The draft announced by the prime minister aims to establish social protection measures for the employees affected in the context of the current crisis in Ukraine, the Russian Federation and Belarus.The 75 pct allowance will be granted to the employees who have the individual employment contracts temporarily suspended from the employers' initiative, from the date of entry into force of the emergency ordinance and until 31 December 2022.
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 […]
