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.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
