KMG International Changes Management Structure
KMG International has changed the group’s management structure, appointing Catalin Dumitru as Senior Vice President for Operational Activities and Alexey Golovin as Vice President for Corporate Development and Strategy of the group, the company said in a statement.
Azamat Zhangulov, the acting Senior Vice-President of KMG International was promoted as Senior Vice-President for Sales and Marketing within KazMunayGas, the national oil&gas company of Kazakhstan, the sole shareholder of KMG International.
The newly appointed Vice President of KMG International, Alexey Golovin, will take over the responsibilities of corporate development and strategy of the group, coordinating the strategic development, M&A projects, public relations and relations with governmental authorities and the sole shareholder.
Catalin Dumitru, who had previously held the position of Vice President of KMG International coordinating the operational activities, is assuming the role of Senior Vice President of KMG International, continuing to be responsible for the entire operational chain of the group. (Adevarul)
Dacian Ciolos Wants Unitary Pay Law Ready Before End Of Mandate
Romanian Prime Minister Dacian Ciolos stated that the government targets the finalization of the unitary pay law until the end of its mandate.
Ciolos said that the government wants to correct the inequities and disruptions in the salaries of public employees, as the salary hikes by percentage points often hide the reality in many sectors, because some salaries increase by 50%, others by 30%, and others by 3% or 4%.
The first step would be the completion of the salary database and the second step would be to find the best ways to mobilize resources so that all salary inequities would be solved in the next 4-5 years. (Adevarul)
Klaus Iohannis’ Statements On Government Activity
Romanian President Klaus Iohannis said Thursday that he is satisfied with the activity of the government in the last 12 months, adding that the main goals have been fulfilled.
Asked about his opinion related to the activity of the government after Prime Minister Dacian Ciolos presented the report on the government’s actions, Klaus Iohannis said that he is satisfied with the activity of the government given that it did not have a substantial, peremptory support from the Parliament but a rather circumstantial one, as it was not a political government.
“Romania has a very good macro-economic situation and is a very stable country, we had local elections which were very well organized and I’m sure the elections for parliament will also take place in good conditions. These were the main goals, and they have been achieved,” the Romanian President said. (Puterea)
Mortgage Lending First Home Program To Be Modified
The government-guaranteed mortgage lending First Home program will be modified so that, in the next five years, 2017-2021, the state guarantees will be reduced from 50% to 40% for apartments older than 5 years.
According to the 2017-2021 strategy for First Home program proposed by the Finance Ministry, the state guarantee for the mortgage loan will be correlated with the age and durability of the home. Thus, the state guarantee will remain at 50% for homes built in the last five years or consolidated in the last 5 years, while for the other apartments, the state guarantee will decrease to 40%. (Puterea)
Travel Agencies Offer Discounts At Romanian Tourism Fair
The fall edition of the Romanian Tourism Fair will take place between November 17 and 20, 2016 at Romexpo Exhibition Centre, with up to 50% discount for vacations, early booking discounts and additional discounts.
The fair includes over 230 travel agencies and tour-operators in Romania, Austria, Bulgaria, as well as India, Jordan, Israel or the Dominican Republic. Most of the offers refer to next year’s vacations and have 40% discounts for immediate booking. At the same time, some of the travel agencies offer extra discounts for Black Friday. (Evenimentul Zilei)