Tuesday, March 13, 2012

Romanian government to hike public sector wages ahead of elections

By Associated Press, Published: March 12

BUCHAREST, Romania — Romania’s ruling coalition says it will hike public sector wages that were axed almost two years ago as part of conditions for securing international rescue loans.

Mircea Toader, a lawmaker of the ruling Democratic Liberal Party, said Monday that coalition leaders agreed to raise salaries in June ahead of local elections. Toader said the government had not yet decided by how much.

The government cut public sector wages by one-fourth in June 2010 to meet the terms of a €20 billion ($26 billion) loan from the International Monetary Fund, the World Bank and the EU. The government has partly restored some public wages since then.

In January, thousands of Romanians staged two weeks of demonstrations against the government and its austerity measures.

No comments: