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.
Romanian swimmer David Popovici has won the gold medal in the 200-meter freestyle final at the World Championships in Singapore. The Romanian athlete won with a time of 1:43.53, ahead of American Luke Hobson (1:43.84) and Japanese Tatsuya Murasa (1:44.54). Popovici entered the race with the fourth fastest time in the semifinals. At the 2024 […]
Sociologist Marius Pieleanu, a familiar figure on TV sets in Romania, where he acts as a political analyst and commentator from his role as a professor at SNSPA, was recently accused of sexual abuse by former female students or women who entered his office. Their testimonies are included in an investigation by journalists at Snoop. […]
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
