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This Article is From Feb 21, 2019

Big Pay Raises Fail to Boost Romanians’ Available Income

(Bloomberg) -- The policy of the Romanian government to significantly raise the minimum wage over the past four years isn't fully improving the citizens' available income. The nation ranks first among 15 countries in the world where people complain that they run out of money at the end of the pay period, according to a study conducted by ING Groep NV. They also have the lowest savings.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Zoe Schneeweiss, Sheldon Reback

©2019 Bloomberg L.P.

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