More than three quarters of the companies included in a survey conducted by the National Council of Private Small and Medium-sized Enterprises in Romania (CNIPMMR) believe that an increase of the minimum wage as of January 1, 2016 will create difficulties for the company, said Ana Bontea, director of the Legal and the Social Dialogue Department with CNIPMMR during a conference on Tuesday.According to the source quoted by romaniajournal.ro, 62% of those surveyed believe that the increase of the minimum wage will mainly lead to layoffs and only 16% said there would be no effects on the salary scale at the enterprise level for all employees. Asked what measures are considered necessary to be taken in order to ensure the minimum wage increase in 2016, 80% pointed to stimulating investment, 75% to simplifying bureaucracy, 62% to lower taxation and 48% demanded other measures. The new Government did not include in the budget an increase of the minimum wage to RON 1,200 from RON 1,050, the interviewees expressing conviction that in the future government and the parliamentary parties will not make a decision in this area without a rigorous impact survey.CNIPMMR conducted during December 4-7, 2015 a consultation on increasing the minimum wage in 2016. Respondents to the survey are 45% are micro enterprises, 18% small enterprises, 27% medium-sized enterprises and 9% large companies.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
