Salaries in Romania dropped by 0.7 percent in August compared to the same month in 2009, the National Statistics Board reported on Tuesday.This is the second time this year that salaries have fallen after the government cut public sector wages in July to meet the requirements of a EUR 20 billion international aid package organised by the International Monetary Fund.
August’s average net salary was Lei 1,339 (318 euros), down by Lei 16 from July 2010.
Recession-hit Romania has pledged drastic public spending cuts to rein in its deficit, which this year stands at 6.8 per cent, and restart its economy, which continued to contract in the first quarter.
Starting from July 1, state sector wages were cut by 25 per cent and all salaries, including the minimum wage, have been affected. Jobless benefits and pensions have also been cut by 15 per cent.
The severe cuts have prompted regular protests and strike action across the country.
News source: Balkan Insight link: article
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