The salaries of managers of state-run companies, companies with majority state capital and the monopolist companies named by the Government will be set by the companies’ administration board or the council of the joint stock company. Such a decision was approved by the Government in its April 19 meeting.

Last year, by an amendment to the legislation, there was limited the size of the salary of managers of such companies to 3-5 monthly average pays per company. But it wasn’t then specified who will set the salary for the whole year.

“The pays will be set based on the economic-financial reports for the previous year. The incomes from sales and other indicators typical of the given company will be also taken into account. Thus, the salary becomes an instrument for stimulating the managers who achieve good results,” stated Minister of Labor, Social Protection and Family Valentina Buliga.

The amendments also place a cap on the annual awards and other payments given to managers. Cumulatively, they cannot exceed six post salaries.

The salary of the managers of companies controlled by ministries or other local public authorities that do not produce, but perform regulatory functions only will not exceed three average salaries per unit.

Prime Minister Iurie Leanca asked preparing information about the salaries paid now to the managers of state-run companies and companies with majority state capital for the next meeting.