The government approved, on Thursday, the Decision for the establishment of the minimum gross basic salary in the country guaranteed in payment, which provides for the increase of its level to 3,700 RON monthly (1 euro = 4.9763 RON), starting on July 1, 2024, compared to 3,300 RON as it is currently, the minister announced Labor and Social Solidarity, Simona Bucura-Oprescu, in a press release."The initiative is meant to bring a better life to employees in Romania and to reduce working poverty. The increase in the national minimum wage guaranteed in payment means bringing the remuneration closer to the level required by the EU Directive 2022/2041 on adequate minimum wages in the European Union. In addition, from the experience of the past years, the increase in the minimum wage also brought a vertical increase in the majority of wages, not only for the minimum ones," declared Simona Bucura-Oprescu.Thus, the hourly rate will be 22,024 RON/hour for a normal work schedule of 168 hours/month on average.At the same time, the increased net value of the minimum gross salary in the country is 2,363 RON, for a deduction of 300 RON, the net increase being 284 RON."In Romania, approximately 760,000 employees currently benefit from the guaranteed minimum gross salary, i.e. around 14% of the total number of active employees. 1,871,266 employees will benefit from the increase of the minimum basic salary to 3,700 RON. This does not apply to employees in agriculture and the food industry, categories for which the legal provisions in force apply," the press release states.
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
