IMF: Reform of Romania's social services to generate savings of 0.8 pct of GDP till 2013

The measures reached for reforming Romania's social services will generate savings of approximately 0.8 pct of GDP over 2010-2013, shows the review report worked out by the International Monetary Fund (IMF) team that visited Bucharest between July 20 - August 1 of the current year.The authorities have implemented substantial reforms of the labour and social protection legislation. The new Labour Code which came into effect on April 30 mainly promotes fixed-term and temporary ...

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