wage
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Romania Moves To EU Minimum Wage
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited adoption, the Labor Ministry said.
Government Raises Gross Minimum Wage To RON3,700 On July 1
The gross minimum wage will rise to RON3,700 from 1 July, Prime Minister Marcel Ciolacu announced after Thursday's meeting with the National Tripartite Council for Social Dialogue.
Moody’s: Romania To See One Of Highest Inflation Rates In CEE In 2020-2021
International rating agency Moody's expects Romania to record one of the highest inflation rates in Central and Eastern Europe (CEE), but the increases in the minimum wage will be among the...
Net Average Wage in Construction Sector Up 43%
The net average wage in the construction sector rose 43% in February 2018- February 2019 and the gross average wage rose by 18%, data published by the National Statistics Institute on Monday...
Erbasu: New Tax Incentives Should Entice At Least 50,000 Construction Workers To Return To Romania
The tax incentives the construction sector got through Government Ordinance 114/2018 will lead to a 30% raise of workers’ pay, but only for skilled and productive ones, Cristian Erbasu, owne...
Builders Should Offer EUR1,200 Wage To Workers To Stop Them From Leaving Romania
The real estate boom, the construction of new residential, office space and shopping center projects, have created a shortage of labor, especially since more and more workers and engineers c...
Romania Is Losing 140,000 People A Year Or Almost EUR2B In Wages Alone
Romania’s economy is losing some EUR2 billion every year because 140,000 people ‘vanish’ from statistics, either due to migration abroad or to the negative birth rate.
Bill On Social Security Tax Transfer Does Not Require Companies To Raise Gross Wages
The bill to modify the Fiscal Code to move the tax obligations from the employer to employee does not include any obligation for companies to raise the gross wages of the employees to keep t...
Central Bank Official: Romania Has Highest Income Inequality Among Workers, In The EU
Romania has the highest income inequality between the minimum and maximum income earned by employed people, among European Union member states, said Romania's central bank chief economist Va...