10.15.2012

Only two of the seven new members of the board of directors of Tarom have experience in the aviation sector, and only one of them worked for a private airline, although the law demands experience in more

10.03.2012

Mihai Balan, the new general manager of Romanian state-run chemical company Oltchim SA (OLT.RO), said Wednesday he will meet with bank officials to discuss unlocking the company’s accounts to allow more

10.02.2012

Romanian state-run chemical company Oltchim SA (OLT.RO) has appointed Mihai Balan as its new general manager, just one day after the government has failed to complete the sale of a 54.8% stake in the more

09.28.2012

In September 2010, when Franklin Templeton got the management of Fondul Proprietatea (FP.RO), the fund was not listed but its shares were trading for 0.5 to 0.6 lei (EUR0.11-EUR0.13). Now they are more

09.27.2012

The Romanian Government Thursday decided to replace the president of state-run lender EximBank, Ionut Costea, with Traian Halalai, currently deputy manager at Banca Romaneasca. more

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