Thursday, October 26, 2006

Romanians, last in purchase power


Romanians rank last but one in Europe in the nominal monthly minimum income, ahead of Bulgaria. Still, when it comes to the purchase power that comes with the minimum income, Romania ranks last, with Bulgarians being able to buy more for less money.
The evaluation was recently concluded by Eurostat, an European institution specialized in statistics.

Labor union CNS "Cartel ALFA" considers that the national budget principles for 2007 will maintain a low level of income for several social and professional categories.
The ratio between the minimum and the average gross income (390 RON vs. 1,270 RON) is still in the area of 30%, although Romania signed an agreement with the European labor unions, promising a 60% ratio.

HotNews.ro, Oct 26, 2006

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