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Analysis: Romanian pensions and politics are key to fiscal prospects

 The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with the previously budgeted 40% increase, Fitch Ratings says. However, the eventual increase may depend on complex political calculations amid looming elections, and a large pension hike remains a risk to our baseline fiscal forecasts. The minority centre-right PNL government approved an emergency ordinance ...

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