This highlights that, in the last five years, the gross minimum wage has increased by approximately 85%, which has generated significant pressures on labor costs. Romania's economy is facing modest growth, estimated by the International Monetary Fund at 1% in 2025 and 1.4% in 2026, while domestic consumption and public confidence are declining. Călin Ile, vice president of Concordia, stated that an increase in the minimum wage could amplify existing economic imbalances, affecting the competitiveness and hiring capacity of firms. In sectors such as transport, HoReCa, and the furniture industry, profitability has dropped below 4%, and operational costs have risen significantly. Additionally, the current economic conditions do not allow for the absorption of new cost increases without risks to jobs.
29 October 12:01
Current Affairs
Foto: Facebook Confederatia Patronala Concordia