Romanian Govt, IMF Agree On Minimum Wage Ceiling Of RON670

Romania's Government agreed with the International Monetary Fund and European Commission not to raise the minimum wage by more than the rate of inflation of the last two years, or more than 670 lei (EUR1=RON4.2862), state secretary Gheorghe Gherghina announced Tuesday.

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Gherghina pointed out that the letter of intention to the IMF had clearly set a ceiling on minimum wage - RON670. According to him, 71,000 public sector employees receive minimum wage. He also said that, should trade unions and employers' associations agree on a minimum salary to be provided by the national collective labor contract, say RON750, it will not apply to public servants.

Last week, Prime Minister Emil Boc said the minimum wage will be increased to a level set following talks with unionists, adding the country's new unitary salary law will allow a slight increase in public sector salaries in 2011, if the budget allows it. IMF mission head Jeffrey Franks said a final decision on the level of the minimum wage will be made after the Romanian Government holds talks on the matter with social partners, employers' associations and unionists.

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