Ascultă Radio România Actualitaţi Live

Romania's economy "cannot support the 40% increase in pensions"

Romania's economy "cannot support the 40% increase in pensions"

Articol de Radiojurnal, 24 Septembrie 2020, 18:56

Romania's economy cannot support the increase of pensions by 40%, in the conditions of the negative evolution of the economy caused by the COVID-19 pandemic - warns the Coalition for the Development of Romania.

The organization denounces the populism manifested in Parliament by the decision to increase pensions a few days before the election and says that the business community is worried that these measures will leave the state budget without money for investments, which should be the engine of economic recovery.

The Coalition for the Development of Romania brings together, among others, the American and Romanian Chambers of Commerce, the Romanian Businessmen's Association, the Romanian-German Chamber of Commerce and Industry, the Council of Foreign Investors, the "Concordia" Employers' Confederation and the National Council of Small and Medium Private Enterprises Romania.

The companies represented by the 25 business organizations have over one million employees and generate approximately 50% of the gross domestic product.

Translated by: Radu Matei

Free medical admission courses
News in English 28 Aprilie 2025, 02:31

Free medical admission courses

The ‘Carol Davila’ University of Medicine and Pharmacy in Bucharest is supporting those who want to become...

Free medical admission courses
The Metropolitan Archbishop of Bucharest, Aurel Perca, attended the funeral of Pope Francisc
News in English 26 Aprilie 2025, 19:58

The Metropolitan Archbishop of Bucharest, Aurel Perca, attended the funeral of Pope Francisc

Archbishop Aurel Perca, Metropolitan Archbishop of Bucharest, attended the ceremony in Rome, representing the Catholic...

The Metropolitan Archbishop of Bucharest, Aurel Perca, attended the funeral of Pope Francisc
Romanian Christians pay tribute to Pope Francis
News in English 26 Aprilie 2025, 19:57

Romanian Christians pay tribute to Pope Francis

Christians in Romania, regardless of denomination, pay homage to His Holiness Pope Francis. In Resita, two exhibitions and an...

Romanian Christians pay tribute to Pope Francis
Saturday, national day of mourning in Romania in memory of Pope Francisc
News in English 25 Aprilie 2025, 22:02

Saturday, national day of mourning in Romania in memory of Pope Francisc

Saturday will be a day of national mourning in Romania, in memory of Pope Francisc. The country's flag will be lowered at...

Saturday, national day of mourning in Romania in memory of Pope Francisc
Justice Minister: the May elections will take place and we will not have a 'second round back'
News in English 25 Aprilie 2025, 22:01

Justice Minister: the May elections will take place and we will not have a 'second round back'

The May elections will take place and we will not have a second round, the Minister of Justice assures, after a judge of the...

Justice Minister: the May elections will take place and we will not have a 'second round back'
EU Budget Commissioner visits Romania
News in English 24 Aprilie 2025, 15:34

EU Budget Commissioner visits Romania

The European Commissioner for Budget, Anti-Fraud, Fight against Fraud and Public Administration, Piotr Serafin, is visiting...

EU Budget Commissioner visits Romania
Executive agenda
News in English 24 Aprilie 2025, 15:33

Executive agenda

The government meets on Thursday to approve, among other things, the unblocking of more than 62.000 teaching posts in...

Executive agenda
Romanian heroes fallen in service commemorated in Oarba de Mures
News in English 23 Aprilie 2025, 22:47

Romanian heroes fallen in service commemorated in Oarba de Mures

Romanian heroes who fell on the Western Front were commemorated on Wednesday in Oarba de Mures, 80 years after the end of...

Romanian heroes fallen in service commemorated in Oarba de Mures