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.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
