News » December, 2010 » 27 December 2010
T-Bills To Cover Romanian Public Sector Wage Cuts In 2010 – Bill
27.12.2010, 14:45 | Finance-Banks | 1759 views
The Romanian opposition Social Democratic Party will put forward a normative act whereby the state will issue three-year treasury bills to cover a 25% public sector salary cut applied between July 1 and December 31, 2010. The value of a treasury bill will amount to 100 lei (EUR1=RON4.2878) and the total value of treasuries will hit RON5,087,600,000 lei, namely the sum saved after about 1,352,600 state employees had their wages cut, reads the bill. Read more on Mediafax.ro
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