Tax exempting the minimum wage could be a solution for keeping the workforce in the country, and such measure will start on January 1, 2022 in a private sector, which could be the hospitality industry, Minister of the Economy Claudiu Nasui told a news conference on Wednesday. "The labour shortage has been an old problem of Romania, before the pandemic.
One third of employees from the private sector of Romania benefit from minimum wage, declared, on Wednesday evening, for the private broadcaster Romania TV, the chairman of the Social Democratic Party (PSD), Marcel Ciolacu. He manifested his concern that 1,700,000 Romanians are currently paid the minimum wage, and when they will retire they will have small pensions.
Prime Minister Florin Citu stated on Tuesday that a decision regarding an eventual increase of the minimum wage may be taken only following discussions with entrepreneurs and unions, remarking at the same time that in the past years, in Romania, there has been a "larger dynamic" of growth. "It's a three-part discussion and we will see what the evolution of the minimum wage is.
Australia has the highest minimum wage
Ljubljana – Four business chambers or associations associated in an Economic Circle initiative urged the government to be more ambitious in its debureaucratisation drive and lower the planned social security cap, as they presented a number of ideas for a lean state at an online news conference on Wednesday.