05.02.2023

Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange with offices in Bucharest, London, and Abu Dhabi, announces the appointment of Ionut Georgescu as Chief more

12.29.2021

Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from more

04.06.2016

Digital transformations can boost the revenues of a traditional bank by up to 30% and cut costs by 20-25%, central bank deputy governor Florin Georgescu told a conference on digitalization in the more

03.18.2015

Serial entrepreneur Radu Georgescu says IT incubators are thriving while ten years ago he could not find any entrepreneurs. His ambition now is to get into the smartwatch business. more

02.13.2015

The IT industry is witnessing ‘formidable’ growth in Romania and one thing that shows it is that the centers dedicated to supporting technology startups are packed, which is a radical change from more

09.30.2014

Radu Enache ended his more than 14-year term at the helm of the local subsidiary of Hewlett-Packard (HP) in July, which makes him one of the longest-serving chief executive officers in the local IT more

07.17.2014

Vector Watch, a start-up set up in 2013 by Andrei Pitis, president of the Software Industry Association (ANIS), which plans to launch a smartwatch entirely conceived in Romania globally by yearend, more

03.11.2014

Romania’s most famous IT entrepreneur, Radu Georgescu, is now at his fourth exit, after having built companies acquired by Microsoft, Naspers and US-based private equity firm Francisco Partners. more

07.18.2013

Romania’s current account deficit will likely shrink to around 2% of the gross domestic product in 2013, central bank deputy governor Florin Georgescu said Thursday. more

12.11.2012

Romania’s Finance Minister Florin Georgescu will return to the Central Bank BNR at the end of the Governmental mandate, BNR governor Mugur Isarescu said Tuesday. more

09.11.2012

Romania’s ministries of Finance and Labor will analyze the impact on the budget of raising child-rearing benefits to 85% of the parent’s salary, Finance Minister Florin Georgescu said Tuesday. more

08.12.2012

Romanian Finance Minister Florin Georgescu said Saturday the negotiation with International Monetary Fund, the European Commission and the World Bank for the sixth review of a EUR3.5 billion more

07.26.2012

The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of foreign more

07.17.2012

The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As far as more

07.16.2012

The Romanian economy has “probably” emerged from technical recession in the second quarter, Finance Minister Florin Georgescu said Monday, without going into details. more

07.16.2012

Romania’s leu is likely to return below 4.5 per euro once the political situation returns to normal and citizens have had their chance to vote on whether to dismiss president Traian Basescu at a more

07.04.2012

The Romanian leu’s depreciation against the euro is influenced by external factors rather than the political tensions at home, Finance Minister Florin Georgescu said Wednesday, adding that the more

06.14.2012

The latest bet of Romanian entrepreneur Radu Georgescu has several knowns and one unknown. One of the knowns is $1 billion - this should be the value of his company, Avangate, which will be listed in more

06.06.2012

Romanian Finance Minister Florin Georgescu Wednesday said the national currency will “in no way” fall to 5 units against the euro in 2012, despite its recent depreciation. more

05.16.2012

Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating situation in more

05.16.2012

Some Romanian ministries and public institutions might be allowed to hire more staff than agreed with financial institutions, while the rule whereby only one in seven vacant positions may be filled more

05.09.2012

Gheorghe Gherghina, also known as the “father of the budget”, Serban Pop, recently appointed at the helm of the fiscal authorities, and Cristian Sporis, the banker turned secretary of state in more

05.07.2012

Romania’s Finance Minister-designate Florin Georgescu on Monday said the new Cabinet plans to introduce a simplified value added tax scheme for small businesses while a decision regarding a more

05.07.2012

Romania's joint Parliament committees on Monday endorsed Florin Georgescu for the office of Minister of Finance and deputy prime minister, with 28 votes for and six against. more

01.11.2012

Andrei Georgescu, head of the emergency room of the University Emergency Hospital in Bucharest, told MEDIAFAX Wednesday he accepted his appointment as Health Ministry deputy secretary of state to more