(Bloomberg) --
Romania has been ranked worst in the European Union for social well-being in a study by Deloitte in which Norway took first place. Despite unprecedented spending to raise pensions and wages, things like hospitals, schools and sanitation have been neglected. “To generate social progress, public funds must be be used for investments that generate economic development and lead to an increase in living standards,” said Alexandru Reff, Deloitte Country Manager for Romania.
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, Andrew Langley
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
