Entrepreneurs that have debts against the state-operated social security provider Socialna Poistovna will pay more on penalties. From January next year those who failed to pay mandatory social insurance premiums on time will pay up to 40-times more in interest on late payments.
The minimum interest will be 10% p.a. compared to the currently used 0.25%, which is the interest rate set by the European Central Bank.
Anca Dragu
