Companies which registered profit may grant wage increases in 2012, but they should not exceed the inflation estimated for 2012.
Romania’s central bank cut its estimate on the 2012 inflation to 3%, from 3.5%, citing favorable base effects and lower volatile prices.
In 2012, state companies may not increase the maximum number of employees stated in the 2011 budget. Only in well-grounded cases, such as extending operations, the Government may approve increasing their staff numbers and wage expenses, reads the document.
The restrictions mentioned above also applied in 2011.
The Romanian Government agreed during negotiations with the International Monetary Fund to set wage policies targeting state companies and autonomous departments annually, through the state budget law.