Bloomberg: Rapid growth of salaries diminishes Romania’s competitiveness

The Government’s policies from Bucharest to hike in salaries in the public sector and the minimum salary increase also impacts the private sector, but when the efficiency doesn’t keep up with the salaries increase, Romania’s competitiveness is diminished, which is bad for the inflation and economic growth, says Lucian Croitoru, counselor of the governor of the National Bank of Romania (BNR), according to Bloomberg, quoted by ...

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