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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
