PM Control Body To Conduct Checks At Posta Romana
Romanian Prime Minister Viorica Dancila sent the Control Body to conduct checks at state-owned postal operator Posta Romana due to issues concerning pensions’ distribution, ruling party leader and Lower Chamber speaker Liviu Dragnea said Monday.Dragnea said several counties have recently seen delays in pensions’ distribution and he said the situation is “unacceptable, because the Government transferred the money to Posta Romana on time”.
The social democrat leader added that retirees will receive their pensions by the 15th of the month. (jurnalul.ro)
Hospital Workers Go On Two-Hour Warning Strike Over Wage Cuts
Hospital workers around Romania on Monday went on a two-hour warning strike, during which time they worked at 30% capacity and only provided emergency care.
Healthcare workers are protesting recent tax and wage overhauls that have lowered their income.
Thousands of Romanian healthcare workers have been protesting in the past month due to wage cuts which they say they range between RON500 and RON1,000.
The healthcare sector union federation Sanitas said last week it had raised over 50,000 signatures legally required to trigger a full-blown strike on May 11. (cotidianul.ro)
Romania Central Bank Raises Key Rate By 25 bps To 2.5% A Year
Romania’s central bank on Monday raised its benchmark interest rate by 25 basis points to 2.5% a year from 2.25%, the bank said in a statement.
The central bank board also decided to raise the interest for its deposit facility to 1.5% from 1.25% a year, and the interest for its lending facility to 3.5% from 3.25%.
The central bank kept minimum reserve requirements on foreign currency liabilities and for leu deposits unchanged at 8%. (romanialibera.ro)
Mugur Isarescu To No Longer Hold Position Of Central Bank Governor As Of 2019
After nearly 29 years at the helm of the Romanian central bank, Mugur Isarescu said on Monday he will no longer hold the position of central bank governor starting 2019, when his current mandate expires.
Isarescu has been the only central bank governor after the anti-communist revolution in December 1989.
He had also held the position of prime minister between 1999 and 2000. (puterea.ro)