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February 18, 2020
ECONOMY FINANCE&BANKING

PM Ponta: Average wage rise may be countered by relaxation set by new Fiscal Code

Prime Minister Victor Ponta asserted on Friday that a rise in the average wage as indicated by the data published by the National Institute for Statistics (INS)  is good news for the employees, but is a long-term worry for the companies; he argued the public policy solution to counter such rise is the relaxation set by the new Fiscal  Code.

“The news is very good for the Romanian employees, because they see the good results in their pockets – 8 percent rise in the wage and zero inflation and lower food prices by around 10 percent (from the slashed VAT). The news, however, is a long-term worry for the companies and firms. The wage increase is felt in the end-price and, therefore, in competitiveness. The only solution of public policy to counter it is the tax relaxation set by the Fiscal  Code!! Economics, not Politics – as you have understood, esteemed Liberals/Democratic Liberals! Or should we hold another consultation for you to realize what you voted for unanimously two months ago???”, the Prime Minister wrote on Facebook.

 

Net nominal average salary rises to 1,818 lei, in June

 

The net nominal average salary stood at 1,818 lei in June, on the rise from the previous month by 12 lei (+0.7pct), according to the data released on Thursday by the National Statistics Institute (INS).

The highest values of the net nominal average salary were recorded in extraction of crude oil and natural gas (5,019 lei), and the lowest ones – in hotels and restaurants (1,032 lei).
The gross average salary was 2,516 lei in June, by 0.6pct higher than in May 2015.

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