The Government is set to freeze, for the moment, the minimum wage at 1,050 lei (approximately 235 euro), even though the former cabinet promised to increase the wage to 1,200 lei (approximately 270 euro) from January 1, 2016."We will analyze the impact an increase in the minimum wage would have and, eventually, we will recommend increases that can take place. From January 1 it will not increase, because we cannot make this estimation on the economy and we would say for naught that we want to stimulate the economy with such a generous fiscal package that we made a great effort to include in the budget if we were to take a measure that could destroy the business environment. We cannot make this increase overnight, because this measure can significantly affect the competitiveness of Romania", said, on Friday, the Minister of Public Finance, Anca Dragu. She mentioned that the analysis regarding the impact is underway, but that the measure must be analyzed especially in the private area, because the public sector yields no wages under the minimum wage, given the increases approved this year for various categories, such as workers in healthcare, education and local administration, but also the 10 percent increase for all public sector workers decided upon recently. Furthermore, the Minister claims that such a measure can determine a migration of personnel from the fiscalized white area to the gray or black area of the economy. The Ponta Government had scheduled in its governing programme the increase of the minimum wage to 1,200 lei from January 1, 2016, and the former PM had promised additional increases to 1,300 lei until the midpoint of 2016 and 1400 lei from January 1, 2017.
Timișoara mayor Dominic Fritz has traveled to Istanbul as part of a delegation of European mayors showing solidarity with the arrested mayor Ekrem İmamoğlu. The European delegation also includes the mayors of Barcelona, Athens, Budapest, Sofia, Utrecht, and Zagreb. The European mayors want to draw attention to “the political nature of the arrest of Ekrem […]
Romanian media reported on Wednesday, August 27, that president Nicușor Dan is considering business lawyer Gabriel Zbârcea to lead the Romanian Intelligence Service (SRI), a politically sensitive appointment that requires parliamentary approval.
Romanian Ana Maria Andronic is among the five national nominees shortlisted for the Golden Aurora Award 2025 – European Woman Angel of the Year, Start-up.ro reported. The award recognizes female business angels “who are shaping the future of innovation, entrepreneurship and impact investing across...
Bucharest recorded 777,756 tourist arrivals in the first five months of 2025, according to data from the National Institute of Statistics (INS), quoted by Agerpres. The peak of tourist traffic was reached in May, with 189,594 arrivals, while January recorded the lowest...
Bolt has launched its XL category in Bucharest, allowing larger groups of people to travel in the same car, according to a company announcement quoted by Profit.ro. The service is designed for groups of up to six passengers, such as families or groups of tourists traveling together. The company...
Romania’s national railway operator CFR has signed with the Austrian group PORR Construct the contract for the design and execution of the rehabilitation works for the Băile Herculane – Poarta railway segment, Economedia.ro reported. This is part...
