THE BASIC MINIMUM GROSS SALARY AT THE NATIONAL LEVEL IN 2017
- Home
- News
- THE BASIC MINIMUM GROSS SALARY AT THE NATIONAL LEVEL IN 2017
Last updated: 18 January 2017
As of February 1st, 2017, in accordance with Government Decision no. 1/2017, published in the Official Journal no. 15 of January 6, 2017 the minimum gross salary guaranteed at the national level in 2017 will increase from 1,250 Lei per month (approximately 277 Euros) to 1,450 Lei per month (approximately 321 Euros) for a full-time job of 166 hours per month, namely 8,735 Lei/hour.
The basic minimum gross salary at the national level is defined as the lowest basic salary that an employee may be granted under an individual employment agreement, for a full-time job.
Establishing a basic salary inferior to the rate provided by the Decision abovementioned Decision represents a violation of the law and shall be punished by a fine between 300 Lei and 2,000 Lei.
Consequently, gross salaries inferior to the legal threshold received by full-time employees must be increased from 1,250 Lei to 1,450 Lei as of February 1st 2017. Given that this amendment is imposed by the law, in accordance with article 17 paragraph 5 of the Labour Code, concluding an addendum to the labour agreement is not compulsory.
On the same subject
TAX ON MIXED USE BUILDINGS
After having treated, last week, the tax on residential buildings, this week we present to you the provisions applicable to the tax on mixed use buildings, a popular issue following the changes brought to the Tax Code implementing regulations. Read more
17 March 2016
CONSUMER PROTECTION: NEW RULES FOR REAL ESTATE LOANS
In order to protect consumers intending to conclude a loan agreement for purchasing property, the Romanian Government recently passed Emergency Ordinance no. 52/2016 (published in Official Journal no. 727 of 20 September 2016 and which will become effecti Read more
4 October 2016
JUSTICE REFORM IN ROMANIA: THE EUROPEAN COMMISSION ISSUES NEW WARNINGS
The European Commission presented, on the 15th of November 2017, the Report on the progress made by Romania under the Cooperation and Verification Mechanism (CVM) in order to implement the recommendations made by the European Commission in its latest repo Read more
16 November 2017
SCREENING OF EUROPEAN DIRECT INVESTMENTS IN ROMANIA – NEW LEGAL PROVISIONS
All foreign direct investments by EU investors shall be subject to thorough screening, regardless of whether they are subject to screening procedures aimed at economic concentrations, as already applicable to outward investments. Read more
21 December 2023
CORPORATE SUSTAINABILITY: TIMELINE
The Directive no. 2022/2464 regarding corporate sustainability disclosure, known as ”CSRD” (Corporate Sustainability Reporting Directive), was transposed in the Romanian legislation under the Order no. 85/2024 of the Public Ministry of Finances, published Read more
13 May 2024
Subscribe to our newsletter
Please tick the following box to subscribe to our newsletter