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."
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
