In 2009, the central bank reported staff expenditure worth a total RON186 million.
“Central bank wages rose 5.8% in 2010, below the inflation ratio. The increase was distributed as follows: at the top of the hierarchy the increase was zero and, starting with a certain level downwards, the increase was gradual, with the lowest wages receiving the greatest increase. The report refers to the gross salaries, not the net ones, while the 25% cut was applied to the net salaries, in the second half of the year, and it was born by the employees, not the bank,” said Adrian Vasilescu, adviser to the central bank’s governor.
Inflation stood at 4.74% in 2009 and 7.96% in 2010.
The central bank official added that “to prevent an European disaster, the 25% taken from wages did not go to the state budget, because this would have meant that the central bank funds the budget. The sums were kept in the reserve fund.”
Throughout 2010, the central bank hired 101 people, while 84 people left the bank. The central bank has some 1,800 employees.