The Romanian government on Thursday approved a social security totalization agreement between Romania and the US."The government made a decision today regarding the mutual recognition between Romania and the United States of America of the periods of work and the right to pension for the citizens of the two countries.A government decision approved today establishes the implementation of the bilateral social security agreement. With the entry into force of this agreement, it will be possible to capitalise on the times worked both in Romania and in the US in order to open the right to pension on the principle of totalization, with each country paying such pensions proportionally," governmental spokesperson Mihai Constantin told a news conference on ThursdayHe added that, according to data obtained through diplomatic channels, about 500,000 people of Romanian origin are registered in the United States, adding that it is very possible that the number is much higher."And this mechanism (...) which today acquires a new component, will hopefully encourage the citizens of the two countries to notify their social security managers in order to benefit from the contributions paid, at retirement age," Constantin said."The document will enter into force on the first day of the fourth month of the date of the last note in which the states notify each other through diplomatic channels of the fulfilment of the internal procedures necessary for its entry into force."
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
