ING Bank: Large Wage Increases May Affect Exporters And Romanian Leu

08.11.2015 By Ecaterina Craciun

Large wage increases, such as the planned hike in the minimum wage as of January 2016, make exporters vulnerable by reducing competitiveness on external markets and may have a negative impact on Romania’s trade balance and its national currency, according to an analysis by ING Bank Romania.

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Keywords:
EXPORTS
, SALARIES
, REPORT