18:51, 22.07.2008 Romania To Hike Pensions On Nov 1- Labor Min

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BUCHAREST / 18:51, 22.07.2008 Romaniaa€™s labor minister Paul Pacuraru Tuesday said pensions will be hiked on Nov 1, adding the social insurance budget surplus allows pension hikes two months before the deadline.

Pacuraru said last week the social insurance budget surplus nears EUR150 million, adding experts within the ministry are working to find solutions to allow pension hikes before Jan 2009. The government increased pensions 30% on Nov 2007 when the value of the pension point increased to...

Read the whole story in: Mediafax