Monday 28 July 2008

Increase of Romanian pensions


Increase of Romanian pensions



Romania plans to significantly pensions to its elderly and long term sick people. The increase in this year should be like 20 % and additional 5-6 % in next year. Even this message is positive for Romanian people, it could have significant impact on hot romanian economy.

The aim of Romania is to get pensions to level of real wages, however it can affect inflation rate and economic development which is currently lead by consumption mostly.

We will see what will be the development in next months, hoever Romanian economics start to show signs of being too hot.

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