Romania to pay benefits to workers temporarily sent home by firms
Photo by LCV/Shutterstock.com
Romania’s Prime Minister Ludovic Orban announced that, under a provision to be included in the economic stimulus package, the state will pay benefits to workers temporarily sent home (under technical unemployment) by local companies because of the coronavirus crisis.
Romania’s Prime Minister Ludovic Orban. Photo by LCV/Shutterstock.com
The draft law submitted by the main opposition party the Social Democratic Party (PSD) to the Parliament provides that the employees sent in technical unemployment receive 75% of the basic salary in the form of a benefit, not subject to income tax, paid from the state social insurance budget, as long as the state of emergency is maintained in the country.
The bill, however, stipulates that the employers must maintain the workplaces and hire again the employees after the state of emergency.
The government has also decided to raise the ceiling for credit guarantees for small- and medium-sized enterprises affected by the coronavirus crisis by RON 5 billion (EUR 1.03 million), Orban said on March 17, romania-insider.com reports
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Varga Meets With Chinese Business Leaders
AutoWallis May Increase Planned Sales Due to Strong Performa...
International Writers Amongst Visitors at PesText Festival
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
