Romanian Govt OKs 15% Higher Guaranteed Min IncomePublish date: 28-05-2009
Romania will increase by 15% the guaranteed minimum income starting with July, as part of a World Bank agreement to better protect underprivileged citizens during crisis, according to a government decision adopted Wednesday.
According to World Bank research, Romania's guaranteed minimum income is currently at 18% of the minimum wage, way below the 29% guaranteed income in 2004.
The guaranteed minimum income in 2009 barely covers 35% of the basic needs of underprivileged categories.
Following the 15% increase, Romania's monthly guaranteed minimum income will reach 125 lei (EUR1=RON4.1830) for singles, RON225 for families of two, RON313 for families of three, RON390 for families of four, RON462 for families of five and an additional RON31 for each person for families of over five.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei