wage increase

The cascading increase of the national minimum wage in Romania has caused a bizarre phenomenon – which the specialty textbooks seem to have foreseen only in the extreme scenarios. It is the reaction of the economy to the...

The waves caused by the political dispute covered the economic asperities that appear increasingly clearly on the horizon and have now reached the moment of the radical trend change. The estimate made by the BNR specialists sees an...

A vote. (Photo: Agerpres) The Chamber of Deputies adopted on Wednesday the bill on pay law with 188 votes in favour, 28 against and 47 abstentions. Prime Minister Sorin Grindeanu and Minister of Public Finance, Viorel Stefan missed...

„The bad news is that the economy cannot grow sustainably by 5% based only on monetary, fiscal and salary stimuli,” said Valentin Lazea, Chief Economist of the National Bank of Romania (BNR), quoted by Agerpres. There might also...

The 2017 spring prognosis of the National Prognosis Commission, subordinated to the Government, reassessed and doubled the real wage increase for the period 2016-2019. In short, from 19% a year ago, it has reached 38%, which is the...

The Minister of Labour Lia Olguta Vasilescu confirmed last week in a TV show that the pension and salary increases will apply in the next four years exactly as they are written in the electoral leaflet of the...

1 February 2017: an important day for the labour market. Increasing the national minimum wage from 1,250 lei to 1,450 lei will involve an annual increase of 16% of the minimum cost of labour. That will inevitably have effect...