Experts from the International Monetary Fund (IMF) are recommending modifications to the recently adopted pension law by the Government. According to government sources cited by Agerpres, the IMF estimates that the expenses resulting from the implementation of the new pension law will be approximately 0.5% of the GDP in 2024 and an additional 1% of the GDP starting in 2025. The IMF mission, following its visit to Romania, is preparing the final Article IV report on the financial situation of Romania, which will be presented to the board. In light of the new pension law, the report will include a paragraph emphasizing that “the projection presented in the report does not include the expenses resulting from the application of the new pension law, estimated at approximately 0.5% of GDP in 2024 and an additional 1% of GDP starting in 2025,” as stated by the source cited by Agerpres. Additionally, it will be mentioned that these additional expenses imply a deficit trajectory inconsistent with fiscal consolidation and achieving the 3% of GDP target. The cited source further highlighted that IMF representatives emphasize the need for the component of the law involving these expenses to be “reconsidered, or the implementation of the law in the proposed form to be reconsidered.” The controversial pension law project, approved by the Executive on Thursday, has sparked debates within the Coalition. According to the Minister of Labor, Simona Bucura Oprescu, 2024 will be the first year in which a government will grant two pension increases—one based on inflation plus 50% of the real increase in the average gross wage, and the other through recalculation. She stated on Thursday that the additional impact compared to the increase in the current law, with recalculation from September to December 2024, amounts to 10 billion lei.
The Board of Directors convenes the Ordinary General Meeting of Shareholders on December 18/19, 2025 The Board of Directors of EVERGENT Investments, an investment company listed under the ticker EVER, has convened the Ordinary General Meeting of Shareholders for December 18/19, 2025. The proposal submitted for shareholders’ approval is the distribution of dividends from reserves […]
City Grill Group surpasses EUR 63.5 million in revenue in the first 10 months With one in six people affected by loneliness, according to the WHO, restaurants are once again becoming essential spaces for reconnection, and dining out is reclaiming its role as an authentic social experience. City Grill Group, the largest Romanian-owned restaurant chain, […]
The Apple Sports app, which provides real-time information and results from multiple sports, became available in Romania this week following a major European expansion, according to the company. The US smartphone maker made the app available in 20 European countries, including Romania. Now available in the App Store on the company’s devices, the Apple Sports...
An exhibition dedicated to the work of William Blake will open at the “Alexandru and Aristia Aman” Dolj County Library in Craiova between November 28 and December 12. Titled William Blake’s Painting in the Light of Sahaja Yoga, the photo-documentary display is curated by Carol and Luis Garrido (UK), whose 14 years of research led […]
The Bucharest Stock Exchange (BVB) kicked off a series of week-long events on Monday, November 17, to mark its 30th anniversary. Brokers, investors, and regulators discussed the evolution of Romanian equities, investment funds, and financial education. They stressed that the local stock market has offered higher returns than other types of investments. The first day […]
AROBS Transilvania Software (BVB: AROBS), a leading entrepreneurial technology company listed on the Bucharest Stock Exchange (BVB), recorded consolidated revenues of RON 328 million in the first nine months of 2025, up 7% compared to the same period last year. According to the company’s report, EBITDA also reached RON 50 million, a 15% increase, while […]
