World Bank recommends Romanian authorities to freeze salaries, stop employing and eliminate incentives

Politics

The World Bank recommended Romanian authorities to limit, in a short term, the income growth to the inflation rate, to stop employing further personnel and to launch a multi-annual plan to eliminate incentives, Mediafax reports, quoting a report put up for the Romanian authorities.

WB experts say that the absence of a coherent strategy for public jobs wages allowed unions to make excessive demands and caused labor market distortions. The personnel-related costs are a major and still growing...

Read the whole story in: HotNews