Romanian Govt Ups Min Wage To RON540 From RON500
Publish date: 11-09-2008The Romanian government decided on Wednesday to increase the minimum monthly gross wages to 540 lei (EUR1=RON3.5974), based on the agreement the representatives of trade unions and employers signed with the government at the end of July.
The increase will come into effect starting October 1.
According to the agreement, the minimum wage is to grow to RON600 on January 1, next year and is seen at 50% of the average salary by 2014.
In July, the gross average salary was up 1.8% on the month to RON1769 while the net average salary stood at RON1308, or RON35 higher on the month.
Mediafax
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei