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.
The service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
