The budget allocated to pensions increases, as a result of the recalculation, by almost 50% compared to 2020, to 136.3 billion RON (approx. 27 billion euros), but, according to projections made by the Ministry of Finance, the share of pension expenditures in GDP remains constant, with downward trends in the period 2030-2031, Finance minister Marcel Bolos said on Wednesday."It is a proof of responsibility for the 4.7 million Romanians who are to receive the recalculation decisions. (...) 3.8 million pensioners are in the happy situation of having their pensions recalculated by percentages of up to 100%. It is, if you like, a historic period for what the reform of the Romanian pension system means, for what it means to remove inequities. So, from this point of view, we can say that the law, as a whole, has achieved its goal, which is to have a sustainable public pension system in Romania. (...) If in 2020 we had a budget allocated to pensions of 81.4 billion RON, in 2024, according to our estimates, the budget allocated to pensions rises to 136.3 billion RON. Here we are talking about 54.9 billion RON, so an increase of this budget by almost 50%, which signifies and highlights the effort we have made in this period of time to ensure the necessary financial resources, because over time there have also been failed attempts to recalculate pensions," Bolos told a press conference on the process of recalculation and distribution of pensions, organized at the National Liberal Party (PNL) headquarters.The minister stressed that, following the recalculation, about 100,000 pensioners will no longer have social allowance, but will move to the public pension system and reiterated that a monthly budgetary effort of 2.5 billion RON was assessed, respectively a cumulative impact of 10 billion RON by the end of the year."This money is included in the budget, we have it, so the payment of pension rights will take place because this money exists both in Romania's income and expenditure budget, in the state budget, and in our treasury. (...) It is the money included in the budget. So, all Romanians rest assured, these rights are paid on the date that is set by the National House of Pensions," Marcel Bolos pointed out.The minister recalled that the "pillars" for the reform of the pension system have been laid since 2021, through milestones 214 and 215 of the National Recovery and Resilience Plan.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
