18:45, 25.07.2008 Romanian Govt, Unions, Ownerships Sign Min Wage Hike Agreement

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BUCHAREST / 18:45, 25.07.2008 The representatives of the trade unions and ownerships signed on Friday with the government the agreement that envisages a minimum wage hike to 540 lei ($239.5), from RON500 at present.

The increase will come into effect starting October 1. According to the agreement, the minimum wage is to grow to RON600 on January 1, next year, and is seen growing by RON100 each year starting 2009. On long term, the minimum wage would have a 50% share of the average salary by...

Read the whole story in: Mediafax