The government approved in its Thursday meeting a draft law ratifying the Social Security Accord between Romania and the USA, pension rights being mutually ensured, the Ministry of Labor and Social Solidarity informed in a press release. “Pension rights of Romanian and American people who work in the other state will be granted according to the new rules included in the Social Security Accord between Romania and USA. The accord has in view people who are or were submitted to the laws of one or both states, as well as those whose rights come from them”, the press release mentions. For Romania, the document applies to laws which refer to pensions and death aid in the public pension system, and to laws which deal with contributions to social health insurances. According to the new accord, the time people worked both in Romania and the US will be considered, for the opening of the pension right with granting pension by each state, according to the insurance periods accomplished. “The document includes rules about the export of pensions, a very important advantage to facilitate the pensioners' mobility from the two states on the territory of the other state and maintaining their access to pension rights,” the source points out. The accord also includes decisions about establingin applicable laws in order to avoid a double contribution to social insurance or the risk of not benefitting from any social insurance covered by the Accord. The bill approved by the Executive includes provisions referring to detached workers. That is why the mutual exemption of those people from the payment of social health insurance contributions was included in the national system of the state where they are employed. The social security accord includes provisions referring to administrative and cooperation measures, including the communication language, payment currency, solving sifferences, the term of coming into force, and will be ratified by la by Romania's Parliament.
PORR, the Austrian construction and infrastructure company, has been selected as the civil and electrical (BOP) partner The 42 6.4 MW turbines, the largest power output of any in Romania, will once again be supplied by Vestas Phase 2 construction is scheduled to begin in the autumn Rezolv Energy, backed by growth market sustainable infrastructure investor […]
This season, Olea invites guests to embrace the elegance of summer with refined exclusive experiences inspired by the JW Garden and Middle’terranean flavors. From leisurely afternoons to chic evenings under the open sky, each moment celebrates freshness and togetherness. Marking a new highlight, Olea introduces its first-ever 10 AM Party — a sophisticated take on […]
The chief prosecutor of the European Public Prosecutor’s Office, or EPPO, Laura Codruţa Kovesi, stated in an interview that the Italian and Chinese mafias may be involved in VAT fraud in Romania. The Italian mafia has already committed fraud with European funds in the country, including money from the post-pandemic Recovery and Resilience Facility, Kovesi […]
Royal FrieslandCampina N.V. has reached an agreement to sell its operations in Romania, including the local brand Napolact and the production facilities in Cluj-Napoca and Târgu Mureș, to Bonafarm Group. The decision follows a strategic review of FrieslandCampina's activities in Romania and aligns with the company's strategy of focusing "on core markets, high value-added growth […]
Romanian PM Ilie Bolojan operates outside of the legal procedures when initiating consultations on a proposal for amending the legislation on the service pensions in the field of Justice, the Romanian Superior Council of Magistracy (CSM) said in a press release on July 30. ...
Romania is currently rebuilding its bilateral relations with the United States with the aim of rejoining the Visa Waiver program after the Trump administration removed it from the list of partner countries, according to foreign minister Oana Ţoiu. During an interview given on Wednesday, July 30, the minister noted that efforts are being made for […]
