Huge Scandal Involving Romanians’ Wages
Labor Minister Lia Olguta Vasilescu has launched an unprecedented attack against trade unionists amid the recent salary scandal.
„Trade unionists must learn Maths”, said Vasilescu after Cartel Alfa union leader said the net wages will fall by 15% after the trsafer of social contributions from employers to employees.
Trade unionists said the net wages of over three million employees in the private sector are likely to decrease as of 2018 after the implementation of this measure, adding the government will not be able to oblige business owners to raise the gross wage so that net wages will not fall.
In retort, Vasilescu said the gross wage will fall completely into the hands of employers. (jurnalul.ro)
Romanians Save EUR53 Monthly, The Same As Hungarians
Romanians took a liking for saving money after the financial crisis in 2008, and they even outdid themselves over the last 12 months. The growth rate of savings and investments over the last year was the highest of all seven countries in Central and Eastern Europe.
Romania, the Czech Republic and Austria hold the three spots in a ranking of countries which saw the biggest increases as regards saving money, from one year to another. With an increase of 15.2% versus last year, and of 35.9% versus 2012, Romanians hold the top spot, while Czech and Austrians come second and third, with increase of 14.3% and 10.6%, respectively, according to Erste Group’s latest survey.
In a ranking of Central and Eastern Europeans regarding the amounts of money put aside monthly, Austrians hold the top spot with an average of EUR239 saved monthly, being followed by Slovaks with EUR107 and Czechs with EUR88 per month. The next spots are filled by Croats with EUR63, Hungarians and Romanians are on a par, with EUR53, and Serbs rank last with EUR37. (jurnalul.ro)
Three-Month ROBOR Index Hits Three-Year High
The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, jumped to 1.89% on Wednesday, the highest level since November 2014, central bank data showed Wednesday.
The six-month ROBOR index, which is used to calculate interests on leu-denominated mortgage loans, rose to 2.03%, from 2.02% on October 31.
At the beginning of September, three-month ROBOR stood at 0.92%, from 0.87% at the beginning of the year. (puterea.ro)
Senate Chairman Says High Council Of Magistrates Must Appoint Chief Prosecutors
Senate Chairman Calin Popescu Tariceanu on Wednesday said he strongly believes chief prosecutors must be appointed by the High Council of Magistrates and the country’s president must be excluded from this procedure.
Tariceanu pointed out that Romania’s past, present and future president is a politician “to the bone”.(jurnalul.ro)