Minimum wage changes from January 1, 2025
December 11, 2024Florina Babau
The guaranteed gross minimum basic wage in the country increases from the current 3,700 lei to 4,050 lei gross monthly.
READ MOREFew months ago, the economic crisis was still, in the opinion of many, an excuse for companies to reduce costs, an “over-fed” issue by the press, a pretext for the Government not to increase the salaries in the budgetary sector, etc. Even among those who accepted the existence of a crisis, it dominated the view that it will be like a wave, which will last 5-6 months, will sweep some companies in the way, will sway some imbalances that were obvious to everybody, after which things will return “to normal” just as they were before.
Today no one doubts the reality and the depth of this crisis, that in fact affects all countries and all branches of economy at the same time, that it will be a lasting crisis and will take years for the things to return as they were in the summer of 2008. And in some fields maybe it will not ever return to those peaks.
Read articleFew months ago, the economic crisis was still, in the opinion of many, an excuse for companies to reduce costs, an “over-fed” issue by the press, a pretext for the Government not to increase the salaries in the budgetary sector, etc. Even among those who accepted the existence of a crisis, it dominated the view that it will be like a wave, which will last 5-6 months, will sweep some companies in the way, will sway some imbalances that were obvious to everybody, after which things will return “to normal” just as they were before.
Today no one doubts the reality and the depth of this crisis, that in fact affects all countries and all branches of economy at the same time, that it will be a lasting crisis and will take years for the things to return as they were in the summer of 2008. And in some fields maybe it will not ever return to those peaks.
Few months ago, the economic crisis was still, in the opinion of many, an excuse for companies to reduce costs, an “over-fed” issue by the press, a pretext for the Government not to increase the salaries in the budgetary sector, etc. Even among those who accepted the existence of a crisis, it dominated the view that it will be like a wave, which will last 5-6 months, will sweep some companies in the way, will sway some imbalances that were obvious to everybody, after which things will return “to normal” just as they were before.
Today no one doubts the reality and the depth of this crisis, that in fact affects all countries and all branches of economy at the same time, that it will be a lasting crisis and will take years for the things to return as they were in the summer of 2008. And in some fields maybe it will not ever return to those peaks.
It also becomes obvious to everyone (except for some of our politicians) that the only way to exit the crisis is to stimulate and launch the private environment. The reduction of budgetary expenses is very important during the crisis, but ultimately it will have as a result also the reduction of consumption. So, the budget deficit will deepen further on. In conclusion, the only left solution is to relaunch the private environment, the only one that, by its paid duties and taxes, sustains the whole state public system.
The question is: how to do this? Respectively, what are the needs of the private environment at this moment, or in other words, what we expect from our politicians?
I will mention only a few very simple measures which, in my opinion, would represent bubbles of oxygen for the whole private environment at this moment:
On local administrations level it would also be necessary a reduction of local taxes associated to industrial buildings, in order to preserve these investors in the local communities. It is known that many of these buildings are over-evaluated because of the real estate boom of the recent years, which on the one hand makes a higher charge to the real value of the current buildings, but on the other hand, many local administrations apply a level of taxation very high correspondent to these buildings, which nowadays has become unrealistic.
These are just some of the expectations that the private environment has from those who govern. But the biggest expectation of the private environment is the speed of the government’s response and the quick implementation of anti-crisis measures. Whatever these may be. If we think of them in 2009 and we begin to apply them from 2010 onwards, for many it will be too late. It is known that rapid intervention and prevention is always less costly than the treatment of effects. So let’s don’t forget that we are already in July 2009. The crisis began in the fall of 2008…