09.27.2012

Eximbank’s general meeting of shareholders is to discuss the appointment of a new top management team during its meeting on Thursday at noon. The nominees backed by the Finance Ministry, the more

09.26.2012

Romania’s largest bank by assets Banca Comerciala Romana (BCR), a unit of Austria’s Erste Group Bank AG, has appointed Paul Ursaciuc as its new chief operating officer, the lender said in a more

09.24.2012

Romtelecom, one of the largest local telecom operators, with almost 5 million subscribers to its telephone, Internet and TV services, has made some changes in its strategy and commercial residential more

09.24.2012

Large insurance companies in Romania have changed their strategies during the crisis to slow down the decline in turnover and the new economic context has forced eight of the top ten insurers to more

09.21.2012

Romania’s Transport Ministry will start Monday the interviews to select the members of the Managing Board and general manager with airline Tarom, based on the lists provided by the consultancy more

09.18.2012

Coface Romania named Constantin Coman, currently deputy general manager on services segment, as country manager starting October 1, replacing Cristian Ionescu. more

09.17.2012

Romania’s Finance Ministry will decide next week whether it changes the present management Board of the state-run lender EximBank, named early 2009, sources close to the issue said Monday. more

09.14.2012

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) Friday said Alexandru Ciobanu has resigned from his position of president of the Board, his duties being taken over by the other two more

09.03.2012

Renault has appointed Cornel Olendraru to replace Jacques Eudeline as general manager of Uzina Mecanica si Sasiuri Dacia (UMCD), one of the group's factories in Romania. more

08.23.2012

Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transporter more

08.23.2012

The Government needs to stop the faulty management at state-owned companies, by any means necessary– insolvency, privatization or private management. It is outrageous for companies with turnovers more

08.22.2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more

08.21.2012

Stephen Stead, the British executive who abruptly stepped down as manager of pharmaceutical manufacturer Labormed two weeks ago, talked for the first time about the reasons behind his decision to more

08.10.2012

The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday representatives of more

08.07.2012

Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) Tuesday said Yerzhan Orynbassarov has resigned his position of chairman of the board, being replaced by Azamat Zhangulov. more

08.06.2012

The operations in Romania of Austrian building materials retailer bauMax will be run, starting September 1, 2012, by Peter Eszényi, former director of expansion on the Romanian market for retailers more

07.31.2012

The revenue of the brokerage firms dropped to one third of the 2007 level last year, while asset managers’ rose 2.4 times. The 21 asset managers collected 96 million lei (EUR21 million) compared more

07.27.2012

Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) decided Friday to appoint Philippe Lhotte as the bank's chief executive officer and acting member of the Board starting September 1. more

07.26.2012

Management of Renault's technical center in Titu, the only vehicle testing facility in Romania, has been taken over by Anica Muntean, previously the center's technical director, who replaced Fabrice more

07.18.2012

Romanian power grid operator Transelectrica (TEL.RO) Wednesday approved changing its board structure from unitary to dual, the company said in a statement. more

07.17.2012

Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standards. more

07.16.2012

Austrian group Lasselsberger named Toni Teau as general manager and member in the Board of Directors of Lasselsberger Bucuresti and ceramic tiles maker Sanex, two firms it controls. more

07.16.2012

Dragos Militaru, former manager in cable company UPC Romania and in Coca-Cola HBC, will take over as CEO of paints producer Fabryo Corporation on August 1, replacing Aliz Kosza, who has managed the more

07.02.2012

Hyundai Auto Romania, part of Tiriac Holdings, named Teodor Brusalis as chief executive officer, the company said in a statement Monday. more

06.25.2012

Former Orange Romania CEO Richard Moat has been appointed to the board of International Personal Finance, the parent company of Provident Financial Romania, as a non-executive director. more