Pensions will go up by 5% in 2015, and the minimum pension in Romania will increase to RON 400 – or some EUR 90. These measures will cost the state some EUR 613 million, said Darius Vâlcov, the Minister Delegate for the Budget.

The funds have already been included in the draft budget for 2015, and will be compensated partially by lower expenses on goods and services, and by increasing VAT collection.

Romanian private pension funds reach EUR 4.25 bln in assets

Number of pensioners down in May in Romania

editor@romania-insider.com