Powered by Max Banner Ads In relation to the average salary in a certain sector, wages will be six times higher and bonuses will be paid depending on the performance. The government will cap the wages of state company managers to six times the gross average salary in the respective sector and other compensations will be [...]
More than half of Romanian children left behind by parents working abroad are forced to take on adult responsibilities, while family separation often lasts for years, according to a new survey by Save the Children Romania. The organization is calling for urgent funding to support dedicated services for these children, who remain largely invisible in […]
Severe weather swept through Romania on Thursday, July 17, damaging 60 localities across 14 counties and the capital, Bucharest, according to the Department for Emergency Situations (DSU). Strong winds toppled trees and tore off parts of buildings, while heavy rainfall led to flooding in multiple areas. Authorities also announced one death and two injuries following […]
Romania has come to have over 140,000 workers from outside the European Union, attracted mainly to sectors with chronic staff shortages, such as manufacturing, construction, and trade. Companies do not choose them because they are cheaper – on the contrary, the total costs can be up to 10% higher than for a Romanian worker, due […]
Romanian officials have sharply criticised the European Commission's first draft proposal for the European Union's 2028–2034 multiannual financial framework, expressing concerns over plans to merge structural funds with agricultural subsidies under a performance-based disbursement model. Member of the European Parliament Victor Negrescu and Minister of Agriculture Florin Barbu both rejected the proposal, warning that it […]
The National Agency for Fiscal Administration (ANAF) announced in a press release that it has started the procedure to verify potential profit shifting for 2,768 companies registered in Romania. Thus, between July 17 and August 29, ANAF said it is collecting information on the type and amount of companies' expenses in the period 2020–2024, in […]
Shareholders of Purcari winery (BVB: WINE) placed offers to sell 21.1% of the total number of shares to the Polish group Maspex, on the first day of the takeover bid organised by the latter for 98.4% of the winery's shares, according to
