The Government has approved the Law on the establishment of European minimum wage, which ensures the transposition into national law of Directive (EU) 2022/2041 of 19 October 2022 of the European Parliament and of the Council on adequate minimum wage in the European Union, the Ministry of Labour announced on Friday.According to the cited source, the draft law is to be submitted for adoption by the Romanian Parliament as a matter of urgency.The European minimum wage is also envisaged under the National Recovery and Resilience Plan, Milestone 392, according to which the national gross minimum wage guaranteed for payment will be set on the basis of an objective mechanism based on a clear formula, in consultation with the social partners."The adequacy of this minimum income implies that the wage should not be less than 50% of the gross average wage. In addition, the draft law means strengthening the role of trade unions and employers," said Simona Bucura-Oprescu, minister of Labor and Social SolidarityIt is also envisaged that Directive (EU) 2022/2041 will apply to all categories of employees, regardless of whether they work under an employment relationship, a special employment relationship (agency contract, management contract, sports activity contract, etc.) or a service relationship.The draft law also provides for the adoption of an action plan to promote collective bargaining, to increase employees' access to collectively negotiated wage rights and to protection coverage through collective bargaining or collective agreements.
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 […]
Romanian airline AnimaWings is considering incorporating Buy Now, Pay Later options in its travel offers, similar to the ones already popular in the retail sector, Profit.ro reported. The new ticket financing strategy would be a first in the local aviation market. “It is not yet practiced...
Renowned Romanian author Mircea Cărtărescu will tour the United Kingdom from November 18 to 20 to mark the publication of the English edition of his novel Blinding: The Left Wing, released by Penguin Books. The volume, translated by Sean Cotter, is the first part of Cărtărescu’s acclaimed Blinding trilogy. The tour, organized by Penguin Books […]
Ahold Delhaize, the owner of the local supermarket chains Mega Image and Profi, has appointed Xavier Piesvaux as country manager for Romania beginning January 1, 2025. Piesvaux, who was brand president of Mega Image from 2006 to 2015, will return to the country, where he will oversee the expansion of the company’s local brands Mega […]
Timișoara, Bucharest, and Cluj-Napoca occupy the top three positions in the “Perfect City 2026” ranking conducted by the Bucureștiul Meu website. The study, which analyzed the quality of life in 17 Romanian municipalities, took into account seven criteria: infrastructure, the medical system, air quality, access to nature, cultural activities, relative salary, and the financial index. […]
