Working in Romania

Currently in Romania

Exchange Rate

1 Euro = RON 4.26

Weather

Bucharest



Partly Cloudy, 22 C

Population:

22,215,421 (July 2009 est.)

Time difference:

(GMT+2)

Telephone code:

+40

Capital:

Bucharest

Languages:

Romanian 91% (official), Hungarian 6.7%, Romany (Gypsy) 1.1%, other 1.2%

Tax Authority:

Ministerul Finantelor Publice - www.mfinante.ro

Social Security:

In Romania there are several institutions taking care of social security laws and regulations:

  • the Ministry of Labour, Family and Equal Opportunities
  • the Ministry of Public Health
  • the National House of Pensions and Other Social Insurance Rights (NHPOSSR)
  • the National Employment Agency (NEA)
  • the National Health Insurance House
  • the Ministry of Education, Research and Youth (MERY)

Social Security & Tax System:

Romania's individual income tax rates for 2008 are flat at 16%.

Romanian individuals pay tax on their Romanian and worldwide income. Non-residents individuals pay tax only on Romanian income.

The amount deducted is 17% of the gross salary at the following  amounts:            

- Social Security: 9.5%
- Health Fund: 6.5%
- Unemployment Fund: 1%

Average Monthly Rent

 
Studio flat €150 to €400 per month
1 room in share flat €50 to €150 per month
2 room flat €300 to €700 per month
3 room flat €350 to €1,500 per month
4 room flat € 500 to €2,000 per month

Accommodation:

Most of the houses in Romania are owner-occupied. Prices will depend on demand conditions, size of the accommodation rented and geographic location.

It is advisable to use the services of an estate agency in addition to newspapers specializing in classified ads.
In Romania is very common that you have to pay your bills in the office of the services provider. You will need to pay your bill before the deadline enclosing your bill document; otherwise the service will be cut automatically.

Opening a bank account in Romania:

To open a bank account in Romania you will need generally a passport. Some banks can require bank statement from previous accounts, proof of residence, or other ID documents.

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