President Klaus Iohannis declared on October 20 that it would be reasonable for the increase in pensions from January 1, 2023, to take into account the inflation that exceeds 15%.

He also called for more protection provided to recipients of low pensions, which are particularly vulnerable to rising prices, Economica.net reported.

Actually, the headline inflation neared 16% as of September and will further increase by the end of the year, according to the National bank of Romania (BNR).

Furthermore, the cost of “decent living” rose by nearly 20% YoY as of September, a survey carried out by the Friedrich Ebert Foundation Romania and Syndex Romania said.

andrei@romania-insider.com

(Photo source: Presidency.ro)