Romanian Government Announces For September New Measures to Boost Economy

Romanian Prime Minister Emil Boc announced on Saturday that, in September, the Government will promote a series of measures to uphold the country’s economy. Therefore, Emil Boc announced that the reinvested profit will not be taxed, young entrepreneurs will receive extra financial support from the state and the conditions that must be met by firms that hire unemployed people and make investments in order to get financial support will be eased.

 

Regarding minimum wages, the Prime Minister said authorities still hold negotiations with unionists and employers and a decision will soon be made. According to the unionists, the public sector wage law will be revised in its entirety and will no longer be based on 2009's salaries, but on those of  2010, reduced through the austerity measures, and a new law will be issued every year to set the new wage level.