Update 16:41, 27.08.2008 Romania Hikes Pensions As Of Nov 1

All news

BUCHAREST / 16:41, 27.08.2008 The Romanian government decided in the cabinet meeting Wednesday to increase pensions as of November 1, 2008, people close to the matter told MEDIAFAX Wednesday.

Romanian Prime Minister Calin Tariceanu later confirmed the government decided to increase pensions two months earlier than planned, adding the pension point would be increased 20%, to 697.5 lei (EUR1=RON3.5496). Labor minister Paul Pacuraru said two weeks ago that the government was close to deciding to...

Read the whole story in: Mediafax