Income distribution

Romania's hourly labour cost up over 12pct in Q4 of 2019

In Quarter IV 2019, the adjusted hourly labour cost (business days adjusted) registered a decrease rate of 0.27 percent compared to the previous quarter and an increase of 12.03 percent compared to the same quarter of 2018, according to data published by the National Institute of Statistics (INS) on Thursday.

Editorial: Raise wages!

Negotiations on setting the new minimum wage in the private sector   are to begin in the coming days.

The government is entering the talks with trade unions having pledged in its electoral campaign last year to support wage hikes in 2020 that are double the country's growth rate.

Discussions on raising minimum wage get under way

The process for the adjustment of the minimum wage will begin in the last 10 days of February, and according to law it must be completed within four months. Discussions have already started within the government, with spokesman Stelios Petsas reiterating New Democracy's election pledge for an increase up to the level of 703 euros per month in the next three years.

Starting January 1, the Minimum Wage in Bulgaria Increases to BGN 610

The minimum wage will rise to BGN 610 from January 1, 2020. Its amount will increase by BGN 50 or 8.9% compared to this year, the government decided.

The economic development, sustainable GDP growth, an increase in the number of employees and a reported increase in the national average wage contribute to the increase in the minimum wage to BGN 610.

PM Orban: Minimum wage per economy might increase 7.2%

The minimum wage per economy might increase 7.2%, said Prime Minister Ludovic Orban on Tuesday, in a post on the Government's Facebook page. He specifies that, this week, the proposals for the formula for calculating the minimum wage will be finalized. "This week, we will finalize the proposals for the minimum wage calculation formula.

Portugal Raises the Minimum Wage to EUR 635

The Portuguese minority government presented a proposal for the minimum wage to be increased by almost 6% to EUR 635 in the next year. However, the wage remain the lowest in Western Europe, according to Reuters.

Socialist Prime Minister Antonio Costa has pledged an increase of 25 percent to EUR 750 by 2023 at the start of his second term last month.

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