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.
Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate Călin Georgescu, focusing on "the manner and flows of money that arrived from various sources." "It is an investigation alongside the judicial bodies, […]
Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the scenarios is to keep the compensation-cap scheme for […]
Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. ...
The European Commission has refused to grant a temporary derogation from the obligation to purchase greenhouse gas emission certificates (CO2) for natural gas and coal-fired energy produced by Romanian companies OMV Petrom and CEO for the Republic of Moldova, according to
Romania's Competition Council announced on January 9 that it found that the country's three major cement producers, Holcim Romania, Romcim, and Heidelberg Materials, were responsible for price collusion and decided fines in a total amount of RON 217 million (nearly EUR 44 million). Holcim, which has to pay the largest...
International rating agency S&P announced it would carry out its first review of Romania's rating on January 24 and another two times later this year in April and October, according to
