Romania to maintain fiscal stimulus policy until 2020: ruling party chief
Romania’s government will maintain its policy of cutting taxes and raising the minimum wage and state pensions until 2020 in a bid to improve living standards, the leader of the ruling Social Democrats said on Wednesday.
The government could also make it optional to join a private pension scheme, said Liviu Dragnea, who holds a tight grip on his party and is also speaker of parliament’s lower house.
Membership of private pensions is mandatory for employees under 35 and any changes could hurt the capital market as pension funds are among its biggest investors.
Read More: Reuters
