EXCLUSIVE. Gas price on the rise. Romgaz spends half a billion RON annually on salaries alone. How much does an employee make in average

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The Government of Romania approved the annual budget of the National Company of Natural Gas Romgaz SNGN S.A. for the current year and the Cabinet Decision came into force upon its publication in the Official Gazette.

Key budget indicators presented in the annex of the Cabinet Decision show a total of RON 463,340,000 appropriation for salaries and bonuses, the latter representing one third of the former.  With a total of 6,599 employees, Romgaz spends in average RON 5,852 per individual, per month. That means the net payment per employee amounts to RON 3,200, which is two times higher than the net average salary per economy.

The estimated net profit in 2013 after corporate tax is withheld is around RON 1.4 billion.

Gas prices will increase by 8% as of 1 July 2013.

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