Gross minimum wage to increase by RON 150 in January, reach RON 2,500/month by 2022

In a meeting of the Tripartite National Council, prime minister Viorica Dancila announced that the gross minimum wage will increase from January 1 by RON 150, based on a normative act to be drafted at the government level.

Romania recorded the highest percentage increase of the minimum wage in the last 10 years among European countries, of 195 percent, while still having the third lowest gross minimum wage in the EU, after Bulgaria and Lithuania.

According to Bogdan Hossu, the president of the Confederation of Trade Unions Cartel Alfa, the gross minimum wage is set to increase by RON 150 per year from now until 2022, when it would reach RON 2,500.

The very low wages standard has made the country attractive for investors, but has modeled an economy with a very weak level of sophistication and relatively low productivity.

In January 2018, Bulgaria had the lowest gross minimum wage in the European Union, of EUR 261 per month, followed by Lithuania, with EUR 400, and Romania with EUR 408.

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The highest minimum wage in the EU is recorded in Luxembourg with EUR 1,999 per month, Ireland – EUR 1,614, and The Netherlands, with EUR 1,578.