Romanian minister defers talks on public sector pay law until 2027

Romania missed the deadline for adopting a new pay system for the public sector, losing a EUR 770 million grant under the RRF. When he resigned in April this year, Manole had not left behind a draft law, while the Social Democrats rejected the version drawn up by interim minister Dragoș Pîslaru. The pay law is more important than the RRF grant that Romania has lost, Moody’s warned in August, when president Nicușor Dan concluded that no agreement on the project could be reached. The public sector wage bill accounts for 20% of the country’s budget, the rating agency warned. The lack of…