Finance Minister: Number Of Public Sector Employees Way Too High
Finance Minister Eugen Teodorovici seems to fuel speculation about a massive reorganization in the public administration and the reduction of the number of public sector employees.
„The number of public sector employees is way too big. The fact that some employees are more in control then they work is all the more serious”, said Teodorovici. (jurnalul.ro)
Three-Month ROBOR Tops 2% After Central Bank Raises Key Rate
The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, rose to 2.03% on Thursday, from 1.99% a day before, according to central bank data.
The increase could be due to the central bank raising its benchmark interest rate by a quarter-point, to 2.25% a year, on Wednesday.
The three-month ROBOR reached 2.22% at the end of December 2017.
The six-month ROBOR index, which is used to calculate interests on leu-denominated mortgage loans, grew to 2.33%, from 2.27%.
Romania’s central bank on Wednesday raised its benchmark interest rate by a quarter-point, to 2.25% a year, after a quarter-point raise in January. (cotidianul.ro)
Director General of Bucharest Airports Company Resigns
Bogdan Mindrescu, the director general of Bucharest Airports National Company (CNAB) resigned on Tuesday without stating the reasons behind this decision.
Mindrescu had been appointed in this position in April 2017 by former prime minister Sorin Grindeanu.
Mindrescu’s resignation comes a day after a report noting various issues that the Government’s Control Body discovered at Bucharest’s main airport Otopeni was made public. The report was carried out between January 2013 and October 2017 and notes problems such as the lack of investments for infrastructure between 2013 and 2015, despite allocated funds of over RON201.5 million, and problems with both runways, namely one of them does not offer effective landing and take-off conditions, while the other one can only be used for 2,237 meters out of a total length of 3,500 meters. (puterea.ro)
Huge Increase In New Car Registrations
New car registrations soared 68.1% in the last quarter of 2017, compared with the same period in 2016, according to data released Tuesday by the statistics institute INS.
New registrations of passenger vehicles soared 67.4% in the fourth quarter of 2017, compared with year-earlier period, with the category of cars seeing the highest rise, of 68.1%. During the same period, new registrations of freight vehicles rose 12.2%.
In 2017, a total 638,485 passenger vehicles were registered, 57.24% more than in 2016, of which 627,743 cars, which is higher by 58.3% compared with a year before. (puterea.ro)