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 number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
