Romanian PM Wants To Apply Additional Tax On State-Company Managers’ Wages

Romanian Prime Minister Victor Ponta said Tuesday salaries of managers at state-owned companies should be applied additional tax.

According to Ponta, the monthly pay of managers at state-run companies Romgaz, Nuclearlectrica and Hidroserv reach some 13,000-14,000 lei (EUR2,984-EUR3,214).(EUR1=RON4.3555) (Jurnalul National)

PCC Proposes Transforming Oltchim Into Holding Company

German company PCC SE, minority shareholder of Romanian state-owned chemical plant Oltchim (OLT.RO) proposes transforming the plant into a holding company with several special purpose entities.

Arpechim should be one of the special purpose entities to operate as Oltchim’s subsidiary, Wojciech Zaremba, PCC’s representative in Romania, said in a news conference.

According to Zaremba, Transforming Oltchim into a holding company would save 1,600 jobs. (Romania Libera)

RA-APPS To Auction Off 20 More Apartments In May

The Romanian authority that administers government real estate properties, or RA-APPS, decided 20 more apartments will be sold at an auction scheduled for May.

Last week, RA-APPS said it would organize an auction in May to sell eight apartments in downtown Bucharest at starting prices ranging between EUR73,000 and EUR286,000. (Curierul National)

Ruling Alliance MPs Reject Bill Creating Museum Of Communism

Romanian MPs of ruling alliance USL rejected Tuesday a bill on creating a Museum of Communism in Bucharest.

The sponsors of the bill are four lawmakers of the opposition Democratic Liberal Party and of the group of national minorities.

The bill was tacitly adopted by the Senate last year although it was not supported by the Government. (Puterea)

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