Romania’s PM Ponta says cut in social insurance contributions to help job creation

Prime Minister Victor Ponta said that the reduction of social insurance contributions (CAS) paid by employers by 5 percentage points will support the creation of new jobs and the decrease of the informal labor market, reports Mediafax newswire.   The cut of the CAS was approved on Thursday evening by President Traian Basescu, who cautioned this measure will widen the deficit of the pensions budget by RON 5 billion to RON ...

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