Romania's Economic Balancing Act: Tax Cuts and Wage Hikes Amid Deficit Challenges

Romania's Economic Balancing Act: Tax Cuts and Wage Hikes Amid Deficit Challenges

Romania's Economic Balancing Act: Tax Cuts and Wage Hikes Amid Deficit Challenges Romania's coalition government is set to increase the monthly gross minimum wage by 6.8% to 4,325 lei in a move to ease the economic strain on workers. Concurrently, the government will cut a 1% minimum tax on company turnover in half from January. Despite efforts to mend EU's largest budget deficit, policies have been met with internal strife.In an effort to maint…