Dan Pălăngean
Dan Pălăngean
Senior Expert, National Bank of Romania
Taxation of Wage Earnings for Pension Purposes in Romania, since 1950

Taxation of Wage Earnings for Pension Purposes in Romania, since 1950

The income tax has increased about four times in Romania since 1950, according to data published by the National Institute of Statistics (INS). The evolution of gross and net earnings shows that we have reached a doubling compared to the period before the political regime change, which occurred in 1989 (see data presented in extenso and centralized by decades in the table below).  More

No. 7-8, Sep.-Dec. 2017 2017


The COVID Crisis and the 2nd Pillar of the Romanian Pension System

The COVID Crisis and the 2nd Pillar of the Romanian Pension System

Far from the public attention, the value of the assets held in the seven private funds that manage the pension money in Pillar II for seven and a half million future pensioners decreased dramatically in the second part of February and continued to decline during March, with the minimum being reached on the 18th of March 2020. More

No. 7-8, Sep.-Dec. 2017 2017


Romania – the Fourth EU Economy in the Share of Foreign Capital Enterprises

Romania – the Fourth EU Economy in the Share of Foreign Capital Enterprises

Romania ranks fourth among EU Member States in terms of the share in gross value added (GVA) of enterprises with foreign capital (controlled from abroad) – FCE –, according to a study published by Eurostat, based on data from 2017. Although they represented only 1.3% of the total number of European companies, FCE generated 26% of GVA.  More

No. 7-8, Sep.-Dec. 2017 2017


More than a Fifth of Romanians Are Employed by Multinationals

More than a Fifth of Romanians Are Employed by Multinationals

Germany (16.6%), France (12.4%) and Italy (9.2%) are the countries that hold the largest share in the Romanian economy by the number of employees operating in 80,591 groups of enterprises, according to the data processed and published by the National Institute of Statistics (INS) for 2018. Together with the USA (8.3%) and the Netherlands (7.6%), they control most of the existing enterprise groups in Romania.  More

No. 7-8, Sep.-Dec. 2017 2017


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OEconomica No. 1, 2016