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.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
