salary
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Shock on private pensions market: Government cuts contribution from 2.5% to 0.5% of salary
Only two years after the pension system was reformed by the introduction of private pension funds, the government is basically cancelling this market in order to collect more money to the st...
Cuts or no cuts? The authorities waver again
After President Basescu's shock announcement last Thursday regarding salary and pension cuts, the authorities tend to be sucked into endless talks with trade unions and with business owners'...
Basescu announces 15% pension cuts, 25% salary cuts and subsidy cuts
President Traian Basescu said on Thursday that pensions would fall by 15%, public sector wages by 25%, minimum wage included, with subsidies to be "drastically cut", and the money allocated...
1,500 euros - Bucharesters' average salary
Private sector employees in Bucharest and the surrounding Ilfov county earn 1,450 euros in gross salary each month, 120% more than employees in companies that operate in North-Eastern Romani...
Clients of private pension funds earn less than the average salary in economy
Clients of mandatory pension funds, i.e. all employees aged below 35 and some of those aged between 35 and 45, earn, on average, less than the average salary in the economy, according to dat...
Average banking salary no longer exceeds 1,000 euros
The net average salary in the banking system saw a sudden fall in June, after reaching an all-time high in May, while recruitment continued at a high rate. The 69,241 employees in the bankin...
Average gross salary at Carpatcement to exceed ?900
Employees of Carpatcement Holding, the local subsidiary of German cement manufacturer HeidelbergCement, will earn a gross income worth over 900 euros this year, over 20% more than last year....
Multinationals spend 30,000 euros monthly on expat execs, half of which on salary
The net salary accounts for just half of an expat's costs in Romania. A multinational spends around 30,000 euros a month on an expat who holds a CEO or a general manager position, i.e. 360,0...
Isarescu: Forging salary certificates has become an industry in some counties
The amount of credits granted based on fake salary certificates is starting to worry even Mugur Isarescu (photo centre), Governor of the NBR (National Bank of Romania), after several commerc...