Wealth statements of general managers and deputy general managers in the biggest energy companies held by the Ministry of the Economy reveal that they have fabulous fortunes: millions of euros in bank accounts, jewellery, holiday homes, plots put at tens of thousands of euros.
Most managers in state-held companies are politically appointed, so they tend to be replaced whenever a change occurs on the political scene. Some managers are also involved in politics, as members of local administration ruling structures. As of last year, however, salaries of managers in state-held companies have been capped at 4,800 RON - the earnings of a secretary of state.
According to the available data, the wealthiest directors in the Romanian energy sector are those working in the gas sector, i.e. in the two state-held companies Romgaz and Transgaz.
The Transgaz boss, Florin Muntean, reappointed at the helm of the gas transmission company last year, has over 2 million euros in his accounts, two homes, is a shareholder in 8 companies and owns several watches, the most valuable of which is one bought in 2008, and cost over 18,000 euros.
Wealth statements of general managers and deputy general managers in the biggest energy companies held by the Ministry of the Economy reveal that they have fabulous fortunes: millions of euros in bank accounts, jewellery, holiday homes, plots put at tens of thousands of euros.
Most managers in state-held companies are politically appointed, so they tend to be replaced whenever a change occurs on the political scene. Some managers are also involved in politics, as members of local administration ruling structures. As of last year, however, salaries of managers in state-held companies have been capped at 4,800 RON - the earnings of a secretary of state.
According to the available data, the wealthiest directors in the Roman
