Alfa Cartel National Union Confederation requested the government, taking into account the negative answer of the Economic and Social Council, to reconsider the draft law on the package of fiscal measures with written suggestions to the National Tripartite Council for Social Dialogue, before assuming responsibility. Unions consider that the rulers' attitude defies workers, both in point of measures and exceptions included and the faulty communication. They say the package of fiscal measures is a rip-off of the 1990s type.In their opinion, the draft law has incoherent proposals, which shows it is made according to group interests. According to the source, certain facilities will be cut off from certain employee categories (IT, agriculture, constructions) but increases of 25% daily allowances approved in February 2023 for members of parliament are kept untouched. Contributions for lunch tickets and holiday bonuses are introduced while some categories are exempted from the payment of contributions to the public pension fund (notaries, lawyers). According to Alfa Cartel representatives, sudden changes in regulations undermine understandings and place both parties, employers and employees in a losing situation. Alfa Cartel Confederation was set up in 1990 to offer Romanian workers a real and democratic representation. The confederation is representative at national level, gathering 38 union federations at sector level and coordinates the activity of 42 territorial branches.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
