Romania has to prepare for shift from low-wage economy, says AHK Romania head

While policymakers and businesses have largely agreed that the low level of wages was one of the attractors for foreign investments in the past two decades, this is starting to change. “Romania has to develop a strategy for what will come after the effect of the wage advantage will fade out, and prepare for this next step. This issue is gaining prominence on the back of growing wages,” Sebastian Metz, the general director of AHK Romania, ...

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