Social

Pension Indexation Rate for April 1 Remains Uncertain

Despite previous announcements by authorities of a 6 percent indexation, the pension indexation rate for April 1 remains uncertain.

The Minister of Labor and Social Protection, Alexei Buzu, announces that it could be as low as 4.2 percent. However, Prime Minister Dorin Recean states that pensions will increase, but the exact figure will be known by the end of February.

Invited to a private television station, the Minister of Labor and Social Protection, Alexei Buzu, declared that, from April 1, pensions are to be indexed by 4.2 percent, the current inflation rate as stipulated by legislation.

"Data regarding inflation shows we have a 4.2 percent inflation rate, so this will also be the indexation rate for pensions this year," stated Alexei Buzu.

Yet, in December of last year, Buzu declared that the indexation rate would be 6 percent. "The law provides for pension indexation at the inflation rate. Based on our current forecasts, the inflation rate will be 6 percent, therefore the pension indexation rate will be 6 percent."

In contrast, Prime Minister Dorin Recean has offered assurances that pensions will increase, without specifying the exact percentage. Recean mentioned that increases will be made according to the needs of each pensioner.

"These will certainly increase. We will announce the exact growth figure later in February. We are trying to tailor this increase based on need, which is why I say the government will come with the exact figure at the end of February," Dorin Recean noted at a government meeting.

Currently, there are over 530,000 pensioners in the country who receive old-age pensions.

Translation by Iurie Tataru

Read more

120 schools in the country will receive funding from the International Bank for Reconstruction and Development
Social

120 schools in the country will receive funding from the International Bank for Reconstruction and Development

A total of 120 schools in the country will receive funding from the International Bank for Reconstruction and Development. Each school will receive $36,000 to enhance their facilities, which will be used to equip high-performance laboratories, upgrade IT systems or software, and provide teacher training. Educational institutions can access this funding through the "Improving the Quality of Education" Project, said Nadejda Velișco, the Secretary of State from the Ministry of Education, during a recent plenary session in Parliament.

Approved by Parliament: The state will grant financial support of over 1.1 billion lei in this heating season
Social

Approved by Parliament: The state will grant financial support of over 1.1 billion lei in this heating season

The state will provide financial support of over 1.1 billion lei to citizens during the cold season. Low-income individuals will benefit from monetary energy compensation in the 2024–2025 cold season. The Parliament has adopted the draft law on the Energy Vulnerability Reduction Fund in its second reading, with the vote of 71 deputies. More than 1.1 billion lei will be allocated from the budget to implement these new measures.

Government reshuffles at the forefront of political discussions
Political

Government reshuffles at the forefront of political discussions

The topic of government reshuffles is currently at the forefront of political discussions. Consultations with various parties, including those outside of Parliament, are scheduled to take place on Monday. Moldova 1 TV interviewed deputies to gather their opinions on which ministers should be replaced. While the opposition is calling for the resignation of the entire Cabinet, some MPs are focusing on potential reshuffles in key areas such as justice and home affairs.