Social law

With the first stimulus package, passed in parliament on 2 April, the government wanted to prevent the situation from worsening at the outbreak of the epidemic.

It took measures worth around EUR 3 billion to help companies and households, and at the end of April made some corrections to cover more groups.

Thousands of retirees saw their main pensions for June reduced on Friday, as the growth that their auxiliary pensions are set to see entails the contraction of their main ones.

The government has as priority the payment of pensions and salaries and will increase the pensions, but only after a very serious analysis, depending on the real possibilities, so as to have the guarantee that they can be paid, Prime Minister Ludovic Orban stated on Wednesday night at the private broadcaster Realitatea Plus.

An increase in the income of Bulgarians of over 12% at the beginning of the year was reported by the National Statistical Institute. The average income already exceeds BGN 1,700 per month.

At the same time, the total costs increase by less than 6% or average is about BGN 1,480.

The highest incomes are from salaries, followed by pensions.

Prime Minister Ludovic Orban said that, through the decision regarding special pensions, the Constitutional Court of Romania (CCR) showed that "it doesn't want justice to exist in the retirement system." "Through this decision, the Constitutional Court showed that it doesn't want justice to exist in the retirement system, that it seeks to maintain a privileged system of calculating pensions for

The funds for pensions and social benefits have been embedded in the budget and we are trying to reach beneficiaries even earlier, says Minister of Labour and Social Protection Violeta Alexandru. "The pension money is embedded in the budget.

Romania has made limited progress with the 2019 country-specific recommendations, taking into account that the substantial progress made in the financial and banking sectors have been counteracted by the lack of progress regarding the fiscal framework, the public pension system, the minimum inclusion income, predictability in the decision-making process and the governance of state-owned compani

A growing number of depositors - mostly people who are in a mature phase of their professional careers - are investing a part of their savings in private insurance and pension schemes.

The new bill by the Labor Ministry that was tabled on Monday in Parliament creates a new landscape for pensions and social security contributions. The interventions promoted have led to a strong reaction by many unions, which have decided to call a 24-hour strike for today.

A significant number of entrepreneurs in retail commerce were forced to become employees in the years of the financial crisis, as the reduction in demand - and consequently in sales and profits - resulted in many company closures.