Posta Romana Ensures Normal Payment Of Pensions And Other Social Benefits   Romanian state-run postal operator Posta Romana said all contracts and obligations towards third parties are carried out under normal conditions and the payment of pensions and other social benefits will also be carried out under normal conditions.

In January-June 2017, the company reported an operating gross profit of RON20.9 million (EUR4.6 million), up 6.6% on the year. Its net profit rose to RON17.8 million in the mentioned period, up 12.5% on the year.

Communications Minister Lucian Sova on Monday called for the resignation of Posta Romana’s Executive Board and interim general manager Andrei Stanescu, due to “faulty management over the last year. (mediafax.ro)

Competition Council Looks Into Transeastern Power BV-OMV Petrom Wind Power Deal

Romania’s Competition Council on Monday said it was looking into the acquisition of OMV Petrom Wind Power S.R.L by Transeastern Power B.V., considering this economic operation exceeds the value thresholds stipulated by law.

Transeastern Power B.V. is a subsidiary of Transeastern Power Trust, an independent electric power producer that owns and operates facilities which produce electricity from renewable sources (wind, solar and hydro). Transeastern Power Trust was founded in 2014 and is listed on the TSX Venture Exchange in Canada.

OMV Petrom Wind Power SRL is one of the subsidiaries of OMV Petrom Group, operating in the field of electricity production from renewable sources.

Under competition law no. 21/1996, the operation proposed is an economic concentration that exceeds the value thresholds stipulated by law and is, therefore, subject to investigation by the Competition Council.

The Competition Council will assess the economic concentration in terms of its compatibility with the normal competitive environment and will make a decision within the legal deadlines. (mediafax.ro)

UDMR Wants 6% Of GDP To Be Assigned To Education System

The Democratic Union of Hungarians in Romania (UDMR) has requested that 6% of the country’s gross domestic product (GDP) should be assigned to the education system, arguing an underfinanced system cannot be modern.

UDMR head Kelemen Hunor said the editing of textbooks must be rethought so that pupils can have everything they need at disposal when the school starts.

He added the education system also needs a legislative framework flexible enough to fund the system. (mediafax.ro)

PSD To Designate This Year’s Third Defence Minister Tuesday

Social democrat head Liviu Dragnea has summoned for Tuesday the party’s National Standing Bureau to designate the new Defense minister.

This will this year’s third social democrat Defense minister.

The nomination will be subsequently referred to Romania’s President of Romania and to Calin Popescu-Tariceanu, Chairman of PSD’s junior ruling partner, the Alliance of Liberals and Democrats (ALDE). (mediafax.ro)

Hundreds Of Teachers Stage Protests On First Day Of School

Several hundred teachers, members of the Democratic Education Union in Arad (western Romania), wore badges reading „protest” on September 11, the first day of school, in order to raise awareness on the underfinancing of Romania’s education system.

According to a trade union leader, teachers are displeased with the fact that vacation vouchers were not granted and that wages will not be raised by 50% starting 2018. (mediafax.ro)

Subiecte #press review