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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

RO ruling coalition members clash over Bucharest municipality’s budget

Bucharest's General Council rejected the municipality's draft budget for this year on Wednesday, April 28. Only 17 council members voted for the budget proposed by mayor Nicusor Dan, while 22 voted against and 14 abstained.

The reformist alliance USR-PLUS, which is part of the majority in the City Council alongside the National Liberal Party (PNL), claimed that the RON 7 billion budget was unrealistic as previous estimates put it at RON 4.5-5 bln (around EUR 1 bln), News.ro reported.

Mayor Nicusor Dan - who ran on the Liberals ticket and saw his ties with former colleagues within reformist USR-PLUS deteriorating gradually afterward - said he was dissatisfied with the risk of delaying the investments and facing problems with the debt service as a result of the vote. He blamed the reformist alliance USR-PLUS, which abstained from the vote on the budget, for the failure and urged it to come up with its own version of the budget.

Prime minister Florin Citu intervened in this conflict and promised to talk with deputy prime minister Dan Barna (a co-president of the USR-PLUS alliance) and see what the problems are.

"We need a budget for Bucharest quickly. These are investments that need to be made," added the head of the Government.

iulian@romania-insider.com

(Photo source: Facebook/Nicusor Dan)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

RO ruling coalition members clash over Bucharest municipality’s budget

Bucharest's General Council rejected the municipality's draft budget for this year on Wednesday, April 28. Only 17 council members voted for the budget proposed by mayor Nicusor Dan, while 22 voted against and 14 abstained.

The reformist alliance USR-PLUS, which is part of the majority in the City Council alongside the National Liberal Party (PNL), claimed that the RON 7 billion budget was unrealistic as previous estimates put it at RON 4.5-5 bln (around EUR 1 bln), News.ro reported.

Mayor Nicusor Dan - who ran on the Liberals ticket and saw his ties with former colleagues within reformist USR-PLUS deteriorating gradually afterward - said he was dissatisfied with the risk of delaying the investments and facing problems with the debt service as a result of the vote. He blamed the reformist alliance USR-PLUS, which abstained from the vote on the budget, for the failure and urged it to come up with its own version of the budget.

Prime minister Florin Citu intervened in this conflict and promised to talk with deputy prime minister Dan Barna (a co-president of the USR-PLUS alliance) and see what the problems are.

"We need a budget for Bucharest quickly. These are investments that need to be made," added the head of the Government.

iulian@romania-insider.com

(Photo source: Facebook/Nicusor Dan)

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