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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
