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Romania’s ’09 Avg Salary Seen Up 5% Vs Pvs F’cast Of 9%

Romania’s average salary growth is seen at 5% in 2009, compared with the previous forecast of maximum 9%, Ion Ghizdeanu, president of the National Prognosis Commission, said Wednesday.
Romania’s ’09 Avg Salary Seen Up 5% Vs Pvs F'cast Of 9%
03 dec. 2008, 17:49, English

"We will have a problem with next year’s salaries, due to pressures to increase them," Ghizdeanu said, during a round table on market strategies in FMCG sector.
 
According to him, the salaries in the public sector might rise by 10% in 2009.
 
The average salary in September, of 1,296 lei (EUR1=RON3.8379), was up 1.5% on month and up 24.6% on the year. 
 
The 20% average salary annual increase in the last four years’ has led to a lack of competiveness of the economic sector, Ghizdeanu added.
 
End-September, the National Prognosis Commission revised upwards its estimation for the salary growth in the 2008-2013 period, the institution forecasting a monthly wage of RON1,260 this year and of RON1,930 in 2013.
 
According to Ghizdeanu, Romania might keep a low unemployment rate in 2009 too, if the Government will make karge public investments, mainly in the infrastructure.
 
"The unemployment rate was of 4% until now and will not exceed 5% next year," he added.