ZF English

Property Fund's austerity talk is just talk

22.12.2010, 00:12 11

Floatation documents have brought to the surface the record-highincomes that people at the helm of Fondul Proprietatea (PropertyFund), collected, who, despite receiving Government backing, haveendorsed premier Emil Boc's austerity measures only for the sake ofappearance. ZF calculations show Ionuţ Popescu, former generalmanager, and Graţiela Iordache, former president, had receivedmonthly pay of over 6,000 euros during their terms.


In 2009, Daniela Lulache, who was replaced from her position byIonuţ Popescu, collected half a million euros from the Fund in theform of regular pay and compensation as a result of suspending herterm as general manager.
In response to premier Emil Boc's message, who this spring askedthe Government to cut salaries in state companies, Ionuţ Popescu,former advisor to the PM, asked for his pay as general manager tobe cut from 13,000 euros net to around 1,200 euros, but the totalpay, as results from the prospectus, amounts to the equivalent of6,500 euros per month in the nine months.

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