13:03, 7.07.2008 Romanian Fin Min Rejects Minimum Wage Hike

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BUCHAREST / 13:03, 7.07.2008 Romanian minister of economy and finance Varujan Vosganian said Monday he rejects unions" demands for the increase of the minimum wage to 540 lei (EUR1=RON 3.6066), on failing to meet the inflation target and labor productivity criteria."I stand by my initial position.

We must meet three conditions in order to increase the minimum wage, but only we met one," Vosganian said at a seminar.The three criteria needed for the governmnt to up the minimum wage were gross...

Read the whole story in: Mediafax