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Appointed for the second time to the post of prime minister, the liberal Florin Cîţu stood out as a professional in the field of finance, with studies abroad. Very discreet about his personal life, Florin Cîţu worked at home and abroad, in the private sector, before becoming a NLP senator in 2016.
Florin Vasile Cîţu was born on April 1, 1972 in the county of Vâlcea, where he spent his childhood and adolescence.
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The official CV of the designated prime minister – document published on the website of the Romanian Ministry of Finance and Senate – begins, in the chapter “Education and training”, in 1992, during the period when the current Minister of Finance was 20 years old. . and began his studies in the United States of America, at Grinnell College, Iowa, where, after four years of study, Florin Cîţu obtained a BA in economics and mathematics.
Cîţu’s education continued, after graduating from Grinnell College, with a master’s degree, between 1997 and 1999, also in the United States, at Iowa Sate University in the field of applied monetary policy, macroeconomics, econometrics, and between 1999 and 2002 the prime minister appointed the following completed a doctoral program, but did not defend her dissertation, at the same university in Iowa, where she also studied for a master’s degree. According to the official CV, Florin Vasile Cîţu obtained, in 2003, a diploma from the Center for Financial Studies in Frankfurt, on the subject “Empirical methods for the construction of macroeconomic models”.
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The official CV of the designated prime minister lacks the high school term. However, Cîţu’s name appears as a graduate of Râmnicu Vâlcea Energy Technical College (ex Râmnicu Vâlcea Energy High School), in the chapter “Students who studied abroad” on the school’s website.
„FLORIN CITU- Graduated from Grinnell College, Iowa, USA Worked as an economist at the National Bank of Australia. He is currently the Vice President of ING-BANK, Bucharest ”is the presentation, obviously not updated, of the graduate Cîţu.
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According to the Vâlcea high school website, the current Minister of Finance is the only graduate of that high school who managed to study abroad, the high school also has five graduates who became English teachers, three who became in journalists. and 17 students who passed the Cambridge exam.
His professional career took the future prime minister to all corners of the world. Florin Cîţu began working as an economist at the National Bank of New Zealand where, between January 2002 and October 2003, he dealt, according to his CV, with the analysis and development of applied models closely related to monetary policy responsibilities / decisions . In this capacity, Florin Cîţu participated, for six months, in the Monetary Policy Committee and in the monetary policy rate decision group, being secretary and advisor of the monetary policy transmission mechanism.
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In November 2003, Florin Cîţu returned to Europe, where he worked as an economist at the European Investment Bank (EIB) in Luxembourg. He has prepared the speeches of the president and vice-presidents of the institution, according to the data provided in the CV, but also the preparation of “reports and empirical analyzes published weekly for the EIB council on: the role of the EURO as an international reserve currency , monetary policy and asset prices, private sector debt, interpretation of IMF FSAP reports. ”Cîţu’s activity at the EIB ended in December 2004.
Throughout 2005, Cîţu worked in the field of consulting for private companies in the financial-banking system, and in January 2006 he became chief economist at ING Bank Romania. In January 2007 he was promoted, within the bank, to the position of director of the Financial Markets department, being responsible for the financial results of the interest rate and exchange rate arbitration departments, responsible for managing the bank’s liquidity, Responsible for the results of the product sales departments. financial service to clients of large, small and medium-sized companies, and head of the research department.
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In March 2011, Florin Cîţu was fired by ING, and at that time he told Hotnews.ro that he had decided to sue the bank for this reason. Florin Cîţu’s professional career continued, as of April 2011, in the field of consulting and economic analysis for private equity companies and public institutions on exchange rate and interest rate risk management, macroeconomic policy, bank financial products, says CV- the minister. Since December 2016, Florin Cîţu has been a senator, he was vice president and later president of the Budget-Finance Commission of the Romanian Senate, as well as leader of the group of liberal senators.
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Florin Cîţu’s CV published on the websites of the Senate and the Ministry of Public Finance omits some aspects captured in a CV from 2011, written in English and published that year by Hotnews.ro. That document said that Florin Cîţu was a professor at Iowa State University, working for the American company Young & Rubicam. The 2011 document indicated that the current minister knows, at oral and written comprehension levels, English, French and Italian, omitting the Italian language in the updated CV.
Florin Cîţu also has several published articles.
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In terms of personal life, the prime minister-designate is very discreet about it. The 2011 CV stated that he was married at the time. In the minister’s most recent wealth statement, completed in 2020, there is no income from the wife.
Florin Cîţu was also elected to the post of prime minister in March this year, but he retired and resigned. At the time, political opponents accused him of “fleeing Parliament”.
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Cîţu explained, in March 2020, that the appointment of Klaus Iohannis honored him, but specified that his opinion is that the president of the PNL must also be prime minister, for the party to be successful in the elections.
“An important message for Romanians. Today I made the decision to present my mandate as Prime Minister-designate to the President of Romania. My gesture must be interpreted in the context that Romania is going through today. I am a party man and I understand being with the party and its president in difficult times. I firmly believe that to be successful in the next elections, the party president must also be prime minister, “Cîţu wrote on Facebook on March 12.
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Florin Cîţu was also noted for his verbal disputes with his predecessor at the Finance Ministry, the Social Democrat Eugen Orlando Teodorovici. As a senator and an expert on economics and finance, Cîţu frequently criticized the decisions of the former finance minister in the PSD government.
In March 2019, Eugen Teodorovici, then in charge of the Public Finance portfolio, insulted Florin Cîţu in the 2019 budget debate in the Budget-Finance Commissions, shouting: “You are beautiful! Cypress! After you are ugly ., you’re still stupid. “
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The NLP then demanded the removal of Eugen Teodorovici, classifying his exits as “suburban attacks, miserable, under the limits of common sense and civilized behavior,” and accusing Teodorovici of rudeness and insolence.
Half a year later, after the PSD government fell through a vote of no confidence. Eugen Teodorovici was extremely critical at the hearing in the Florin Cîţu Parliament, before receiving the Public Finance portfolio. “Can’t you talk for five free minutes?” As Minister of Finance? ”Teodorovici shouted to Cîţu, as soon as he finished presenting the ministry plan.
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In his second appointment as Prime Minister, Florin Vasile Cîţu thanked the PNL, USR-PLUS and UDMR coalition for “the trust they have placed”.
“Together we develop Romania!” Cîţu wrote on Facebook.
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According to the wealth declaration completed in April this year, Minister Florin Cîţu owns half of a one-hectare agricultural land in Goleşti commune in Vâlcea county, half of a 75-hectare forest plot in the Voineasa locality, Vâlcea county. Both lands were donated by the parents to Florin and George Cîţu.
The Minister of Finance also owns an apartment bought in 2007, on credit, in sector 2 of Bucharest and co-owner of a house in the Goleşti commune.
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Cîţu has a current account of 350,000 lei and to recover a debt of 30,600 euros granted in the personal name of a natural person. The minister also declared a debt of 303,000 euros contracted in 2007 with ING Bank. For 2019, Florin Cîţu raised income as a minister and a parliamentarian.
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