Wednesday, November 5, 2008

Romania Average Pay Climbs 24.6% in Sept

04 November 2008
Bucharest _ The average net salary in Romania was up 24.6 percent year-on-year in September, according to the National Statistics Board.

September's average salary was Lei 1,296 (€360) and was up 1.5 percent on August 2008.

The Romanian government is now under pressure from local trade unions which are requesting wage hikes.

Last week, the cabinet postponed a law to increase in teachers' wages until April 2009 to help shore up Romania's finances and protect the economy from global financial woes.

On September 30, Parliament unanimously approved a 50 percent rise in teachers’ salaries, saying the country's good economic performance allows for the move.

Prime Minister Calin Popescu Tariceanu said the salary increase plan was not affordable and could fuel inflation.

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