1E9Ct5D

The minimum salary set for 2011 is of 670 Lei (approximately 160 euro) per month for a normalworking program, but up to present time, no quotas have been established by law. Inconsideration of that fact, the employer shall not be obliged to offer a wage bigger than 670 lei,irrespective of the qualification of the employee. However, if a collective labor contract wasconcluded when the National Labor Contract was still in force, the quotas mentioned above shallcontinue to be binding for the employer.VII. PROTECTION OF PERSONAL DATAAccording to the Romanian Law no. 677/2001 – regulation transposing the provisions of theEuropean Directive 95/46/EC –, data such as the name, surname, e-mail address, telephonenumber, profession etc. pertain the category of personal data.The aforementioned legal document defines the data processing operation as being any actionperformed upon personal data, such as the data collection, the data registration, the datatransmission etc. Consequently, as a general rule, any individual or natural person performingthis type of operations shall be considered to be a personal data operator and as result, shall besubmitted to the data protection rules.In the situation in which data shall be transferred outside Romania’s territory, the registration asa data protection operator becomes compulsory. In consideration of the security provided bythe state where the transfer shall be made, no specific conditions must be fulfilled if suchtransfer shall be made to a company having its headquarters in the European Union, in theEuropean economic area (Liechtenstein, Island and Norway) or in one of the countries to whichthe European Commission has recognized an adequate level of data protection (Argentine,Canada, Switzerland, Guernsey, Jersey, The Isle of Man and the USA if the operator company hasa Safe Harbor certificate).VIII.RENEWABLE ENERGY RESOURCESAlthough the government still owns a large portion of industrial assets, privatization of thisenergy sector has begun. Thus, private investors are encouraged to set up business or to investin existing companies, in Romania, major upgrades to the energy sector being planned over thenext ten years.If specific conditions are fulfilled, according to the applicable legal provisions, all investors shallbenefit from:• incentives for small hydro, solar, wind, geothermal, biomass, biogas, and waste watersludge and gas projects. Incentives are offered for 3 years after completion of smallhydro non-refurbished to 15 years for new power plants;• an outline for a green certificate trading market. Typically one certificate represents 1MWh of electricity that can be traded. Suppliers must meet the annual mandatorytarget for green certificates;• priority access for electricity produced from renewable energy sources, as long as suchpriority does not affect the safety of the National Energy System;16