11.05.2013

Lowering social security contributions in Romania has not been considered in draft budget for 2014 as wages, pensions and public investments represent a priority and any fiscal relaxation on the labor more

11.04.2013

Romania will reduce social security contributions by 5 percentage points in the second half of 2014 if the Government finds by July 1 the financial resources needed to offset the measure's impact on more

10.05.2013

Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on minimum more

08.08.2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

01.31.2013

Cutting social security contributions is a way to stimulate the economy, given that Romania has remained one of the countries with the highest levels of social security contributions, 44.45% of the more

08.24.2012

The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion. more

05.28.2012

Romania’s Labor Ministry proposed the reduction of social security contributions by 5 percentage points for employers starting January 2013, Labor Minister Mariana Campeanu said Monday. more

05.13.2012

Romania’s Government plans to reduce social security contributions by 5 percentage points for employers next year and keep the flat tax unchanged at 16% for companies, Prime Minister Victor Ponta more

03.11.2012

Romanian President Traian Basescu told private television PRO TV Sunday it is not the right time to lower social security contributions, adding that increasing public wages would be the right more

02.08.2012

The governing program of the Cabinet proposed by Prime Minister Designate Mihai Razvan Ungureanu will include wage raises, to be achieved either directly or by lowering social security contributions, more

12.15.2011

Romania’s Parliament on Thursday adopted the country’s 2012 social security budget. more

12.09.2011

Romania’s parliamentary committees on Friday approved the country’s 2012 social security budget, which total s 44.132 billion lei (EUR10 billion), according to Labor Minister Sulfina Barbu. more

11.18.2011

The 2012 budget provides for a reduction of welfare spending by 1.21% against 2011, to 13.95 billion lei (EUR3.2 billion), according to data published on the website of the Finance Ministry (which more

11.11.2011

Romania's draft budget for 2012 states pensions will be frozen in the entire year, with no mention of possible raises in the second half, and will again require a transfer of 13.8 billion lei (EUR3.17 more

10.20.2011

The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorption of EU more

10.05.2011

Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur Isarescu more

08.10.2011

Romania's Government has decided to postpone reducing the social security contributions paid by employers for "the best time" since it cannot afford this measure in the current economic context, more

05.19.2011

Romanian President Traian Basescu Thursday said the economy can’t afford lower social security contributions until tax collections improve. more

05.18.2011

A cut in social security contributions, or CAS, is being considered in the government's letter of intent to the International Monetary Fund, but will be conditional on the performance of budget more

05.09.2011

Romania and the International Monetary Fund have agreed to wait for additional fiscal data before deciding on a potential cut in social security contributions, IMF mission head Jeffrey Franks said more

05.07.2011

Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011. more

04.27.2011

Romania may reduce the social security taxes paid by employers only if there are guarantees that it can achieve the fiscal targets of 2011 and 2012, when the budget deficit must drop below 3% of the more

04.14.2011

Romanian Finance Minister Gheorghe Ialomitianu on Thursday said the ministry considers reducing the social security contributions paid by employers to relax labor market conditions. more