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.
The Romanian Athenaeum, one of Bucharest's most iconic landmarks, is set to house a bookstore and a café, following public auctions organized for leasing the spaces, Profit.ro reported. The building's inventory value has also been updated to over EUR 36 million, according to official...
Hungarian state-owned company MVM expects to complete its acquisition of the majority stake in E.ON Energie Romania's gas and electricity supply division by June or July, CEO Karoly Matrai told Portfolio.hu, as reported by Reuters. The official also said that MVM does not intend to sell the companies it plans to acquire in Romania and […]
Tudor Platon’s An Almost Perfect Family and Radu Ciorniciuc and Lina Vdovîi’s Dad will be screened at this year’s DocPoint – Helsinki Documentary Film Festival. An Almost Perfect Family, produced by Carla Fotea / MicroFILM, was selected in the International Competition of the festival. The documentary Dad will be screened as part of the event’s […]
"The Romanian pet food market is larger than our domestic market in Ukraine. It shows significant potential and is growing steadily, with an average annual growth rate (CAGR) of 7%," states Yuriy Bykoriz, Managing Director CEE, Kormotech Global. Kormotech, a family-owned global pet food company with Ukrainian roots, has been producing food for cats and […]
Romania's e-commerce sector accounted for 3.32% of the country's GDP in 2024, showing steady growth but still trailing behind the European average of around 5%, according to data from the Bulgarian eCommerce Association. In Central and Eastern Europe, Greece leads the region with e-commerce contributing 7.87% to its GDP, while Bulgaria lags behind with just […]
Promotional products were twice as present in shopping carts in 2024. Healthier choices: Nearly half of Bringo orders included organic products. Less sugar: +20% increase in sugar-free products in Bringo carts. Bringo, the first rapid online grocery delivery service in Romania using personal shoppers, has analyzed key trends shaping eGroceries consumption...
