BUSINESS

PDL initiative annoys Central Bank

The visit of the IMF representatives to Romania has become a good opportunity for differences between the Liberal-Democrat and the Central Bank officials. Yesterday, PDL representatives Daniel Oajdea said that a group of 22 MPs from PDL had written an open letter to the IMF asking for requirements to be reconsidered in Romania’s case so that National Bank (BNR), Romanian National Securities Commission (CNVM), Supervision Insurance Commission (CSA) and Private Pension Supervision Commission (CSSPP) should also fall under the unitary remuneration law applicable in the public system, Mediafax reports. ‘Those people have aberrantly large monthly incomes and it is abnormal to have privileges in the public sector’, reads the letter to the IMF. According to BNR governor’s adviser Adrian Vasilescu, the initiative is an abuse.


‘If the average salary at BNR is higher than in other state institutions – and I do not mean those with exceptional incomes – it happens for two reasons: the first is that the overwhelming majority of the staff has a lot of academic education, Ph.D.s, specializations at the world’s major financial centres which translates into the high level of knowledge of the personnel of the institution calling for commensurate remuneration and the second is that an abuse like the one the authors of the letter would like to see, would cause most of the central bank’s specialists to quit and to go and work for commercial banks, mainly in foreign banks where salaries are bigger than at BNR even now. Does anyone want to disorganize this institution?’ Vasilescu said. He added that the Central Bank of Romania was part of the European system of central banks and that the complaint had been made to the wrong addressee.

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