The European Directive on minimum statutory wage would push up the gross wages in Romania quite substantially: the minimum level would be hiked by RON 1,000 (EUR 200) to RON 3,500 (EUR 700), according to G4media.ro commenting on an interview given by MEP and former EU Commissioner Corina Cretu (Progressive Alliance of Socialists and Democrats). This can not have a negligible impact, and the investors have already warned of the massive negative impact in terms of jobs lost. On the other hand, the same effect (higher wages) is achieved by the workforce mobility and the investors’ complaints about “the lack of [chap] workforce” demonstrate this. Under the Directive, the minimum statutory wage will be calculated on a country-by-country base as 60% of the economy-wide average wage. The benchmark coincides with the poverty line - 60% of the average per capita income. The European minimum wage Directive is close to the final vote in the European Parliament. Some EU member states still oppose the Directive, including Sweden and Denmark; they say that it is not their governments that set the minimum wage, but that it is set through negotiations on collective bargaining agreements. The Directive was already voted in the Labor Committee of the European Parliament, and the vote in the plenary sitting could take place early next year, MEP Cretu explained for G4Media. In short, if applied, the minimum gross wage would increase in Romania. In the field of European funds, Cretu warned those who will take over the relevant ministry that the new Operational Programs must be concluded and approved by the European Commission and the Resilience Plan PNRR must be kicked off urgently - otherwise, Romania will lose huge amounts of money.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
