New Romanian government

This video is about shale gas in Romania and Chevron.

By Tom Mellen:

PM promises to boost government wages

Friday 04 May 2012

Romania‘s new government said today that it will boost public-sector wages that were cut by a quarter to get a ยฃ16 billion IMF loan in 2010.

New Prime Minister Victor Ponta, picked by President Traian Basescu after mass anti-cuts protests booted out the previous right-wing government, also promised to slice a tax on bread from 24 to 9 per cent.

Parliament is expected to approve his cabinet on Monday. It is made up mostly by Social Democrat MPs with some National Liberals and Conservatives.

A confidence vote last week toppled a right-wing coalition that had been in power for two months.

Aside from the cuts, it had been criticised for handing shale gas rights to US energy giant Chevron.

Mr Ponta temporarily banned shale gas exploration on Thursday.

He also promised to take another look at plans to build Europe’s biggest opencast gold mine in Transylvania, which many Romanians oppose.

Rosia Montana Gold Corporation, mostly owned by Canadian company Gabriel Resources with a small stake held by state firm Minvest, has pushed for 14 years to get the right mining permits.

President Basescu urged the previous government to hurry things up, saying it would bring in foreign cash.

But local residents, environmentalists and academics have protested against the mine, which would use 12,000 tons of cyanide a year.

5 thoughts on “New Romanian government

  1. MPs agree new centrist coalition

    ROMANIA: The new centrist coalition is expected to partially restore public-sector wages and pensions that were slashed by EU-mandated austerity measures.

    Parliament approved Victor Pontaโ€™s coalition government of Social Democrats and Liberals on Monday, making him the third prime minister this year after the previous two conservative governments collapsed over the unpopular cuts.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.