Senate on Tuesday adopted the draft law on the public pensions systems, according to which pensions of the more than 4.7 beneficiaries will be recalculated based on a new formula.There were 85 cast "in favour" of the project, six "against" and 19 "abstentions."Most of the amendments adopted by the Senate were proposed by the PNL (National Liberal Party) and the PSD (Social Democratic Party).The draft will be further debated by the Deputies Chamber, which is the decision-making forum in this case. According to the Labor Ministry, which drafted the new pension law, there will be two pension increases next year. The first increase will be on January 1, when pensions will be indexed with the inflation rate, and in September, after recalculation, 3 million pensions will be increased. ‘In 2024, Romanians’ pensions will increase twice. The first time starting on January 1 when Romanians’ pensions will increase by 13.8 percent. Each of the 4.8 million Romanians will benefit from this. The pension point value will go from 1,785 as it is today to 2,032 lei. It is a significant effort that Romania is making, a form of respect for every Romanian, a form of equity for every Romanian. This will be the first part of the implementation process of the new law,’ stated Labour minister Simona Bucura-Oprescu. ‘The second part will be the recalculation of pensions and its implementation, starting from September 1. Pensions are paid monthly, so from September, they will have the newly recalculated pensions where they will see exactly the contributory points, non-contributory points, and stability points each of them has, which will undoubtedly lead to an increase in pensions by over 40 percent on average. Every Romanian is important to know that they will not have a lower pension under the new law; the amount will be maintained most favorably, and over 3 million Romanians will have higher pensions,’ she added. The law, which is assumed through the NRRP, is based on several principles, including the obligation, contributiveness, equality, and stability of coverage in the public pension system. Here are some of the most important provisions.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
