Eurostat: Romanians Displeased With Their Jobs
Nearly 10% of Romanian employees think they are overqualified for their jobs, according to data provided by EU’s statistical office Eurostat.
The Eurostat study also shows that university graduates think they have more skills that their jobs require.
Other studies show that overqualified employees are more stable than candidates deemed more appropriate for a respective job.
In Europe, nearly 20% of employees think they are overqualified. Most employees who believe they have more skills than their jobs require are in Spain (50.3%), Slovakia (42.5%), Cyprus (39.6%), Bulgaria (31.4%) and Portugal (27.5%), and the fewest are in Hungary (8.6%), Romania (9.3%), Belgium (10.2%) and Germany (10.4%). (Puterea)
Heavy Rain And Storms Across Romania Monday Through Tuesday
Weather authorities announced heavy rain, atmospheric instability and cold weather across Romania from Monday, September 18, until Tuesday evening.
The amount of water is expected to exceed 20-25 liters per square meter and even 40/50 liters per sqm in mountainous areas and eastern regions.
They also issued a yellow code alert forecasting storms in mountainous regions in the counties of Vrancea, Bacau, Neamt, Suceava and Buzau. (Adevarul)
City of Timisoara Designated European Capital of Culture 2021
The western city of Timisoara is Romania’s choice for European Capital of Culture 2021, according to Steve Green, chair of a jury that made the choice.
After the announcement was made, Timisoara mayor Nicolae Robu said this victory belongs to a big team, namely the entire city’s community.
The final selection of the European Capital of Culture 2021 was made from among the bids of Baia Mare, Bucharest, Cluj-Napoca and Timisoara, which made their case before the jury last Thursday and Friday. (Evenimentul Zilei)
Prognosis Commission: Romania’s GDP Expected To Grow 4.8% In 2016 And 4.3% In 2017
The National Prognosis Commission announced its autumn forecasts regarding the trajectory of Romania’s economy in upcoming years, revising upward its 2016 GDP growth forecast to +4.8% and keeping its 2017 forecast to +4.3%.
According to the commission, the country’s GDP is expected to reach RON758.5 billion in 2016 and RON807.4 billion in 2017. This means that if budget revenues stayed at 30% of GDP, they would climb to RON242.2 billion in 2017 and the budget deficit, if limited at 3% of GDP, it would reach RON24.2 billion.
For upcoming years, the commission kept its GDP growth forecasts at +4.5% in 2018, +4.7% in 2019 and 4.2% in 2020. (Adevarul)
Romanian State And Fondul Proprietatea Ready Posta Romana Capitalization By EUR50M
The Romanian state and investment fund Fondul Proprietatea are readying the capitalization of state-owned postal operator Posta Romana by EUR50 million, for the payment of debts to the state budget, in view of floating a minority stake on the stock market.
“We are readying a capitalization of Posta Romana. The government will allot a part of the money at the budget revision due this fall and Fondul Proprietatea will contribute 25% of the total capitalization, depending on the quota of each of the two shareholders. The money will cover the fines applied by the Competition Council and Posta Romana’s debts to the state budget,” said Competition Council head Bogdan Chiritoiu, adding the overall amount will near EUR50 million.
Chiritoiu said this will be deemed stare aid as long as both shareholders contribute to the capitalization directly proportional with the share held by each of them in Posta Romana and the state thus proves that it acts as a private shareholder.
He added Posta Romana was likely to be listed on the stock market in 2017 and the Romanian state would probably keep its majority stake. (Evenimentul Zilei)