Romania’s minimum wage to reach EUR 440 in 2018

The gross minimum wage in Romania will be differentiated based on education, according to the 2017-2020 governing program, published on the Chamber of Deputies’ website yesterday. The gross minimum wage will grow to RON 2,000 (EUR 440) next year, RON 2,200 (EUR 483) in 2019, and RON 2,400 (EUR 527) in 2020. However, the gross minimum wage for people with university studies will be higher, according to the governing program. It will amount to RON 2,300 (EUR 505) next year, RON 2,640 (EUR 580) in 2019 and RON 3,000 (EUR 659) in 2020. The gross minimum wage currently amounts to RON 1,450 (EUR 318.6), after a RON 200 increase in February. The minimum wage will go up once a year, like in all civilized countries in Europe, according to the governing program. “Labor in Romania is currently rewarded with 32% - 34% of the total production value, whereas the capital, namely the profit allocation and the recovery of the investment, receives 56% - 58%. The target for 2020 is to exceed the 40% threshold for labor pay in the total output. In Europe, the average is 50%,” reads the document. Project in Romania: Solidarity tax for salaries above EUR 3,200 editor@romania-insider.com