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

06.22.2012

Constantin Tudorache, chief executive officer of Sarantis Romania, left the local unit of Hellenic cosmetics company Sarantis at the end of May, after 13 years on this position. more

06.22.2012

Unilever, the second-largest non-food consumer goods retailer in Romania, named Polish Jarek Malinowski as managing director of Unilever South Central Europe. more

06.22.2012

The Managing Board of Romanian state-owned chemical producer Oltchim (OLT.RO) on Thursday appointed Mihai-Radu Saptefrati şi Nicolae Rotileanu as interim directors, replacing Karoly Borbely and more

06.20.2012

Karoly Borbely, a former secretary of state with the Economy Ministry, resigned from the Board of Romanian state-owned chemical producer Oltchim (OLT.RO), which he chaired, citing personal reasons, more

06.15.2012

ING Bank Romania, the local unit of Dutch-registered ING Bank NV, will move from a single-tier board structure to a two-tier one starting with this fall, when the bank’s chief officer Misu Negritoiu more

06.13.2012

The consortium made up of executive search company Pedersen&Partners, law firm NNDKP and strategic management advisory Roland Berger, which was appointed in September last year to help the Economy more

06.07.2012

Dan Iulius Plaveti has been recalled as president of Romania's National Energy Regulations Authority, by order of Prime Minister Victor Ponta, and replaced with Niculae Havrilet, former head of the more

06.06.2012

Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group. more

06.06.2012

Romanian power grid operator Transelectrica (TEL.RO) Wednesday proposed giving up its unitary board system in favor of a dual system, the company said in a call to shareholders. more

05.30.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) has appointed Marius Ion Mateescu as the new general manager, the company said in a statement Wednesday. more

05.29.2012

Romanian Prime Minister Victor Ponta has appointed Gheorghe Dutu to the position of president of the National Mineral Resources Agency ANRM. more

05.28.2012

Horia Hahaianu resigned from the Managing Board of Romanian state-owned power grid operator Transelectrica (TEL.RO), and he was replaced on an interim basis by the head of the Economy Ministry's more

05.25.2012

Greek financial group Eurobank continues its effort to restore the profitability of Bancpost, the tenth largest bank in Romania by assets by putting a Greek banker in charge. The banker, Anthony more

05.25.2012

Ruxandra Brutaru, who until last year ran the operations of state-run airline Tarom, has been appointed to the managing board of the largest Romanian travel agency, Happy Tour, according to market more

05.22.2012

Kazakh state-run oil and gas company KazMunayGas Tuesday said it has appointed Zhanat Tussupbekov as the new chief executive officer of its Romanian unit Rompetrol. more

05.16.2012

Marian Mirzac and Cosmin Angheluta, former executive managers of Romanian insurer Astra Asigurari, were appointed general manager and deputy general manager, respectively, of insurance company more

05.11.2012

Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS only a few months after joining the company's management more

05.10.2012

The quest to identify the chief executive officer of Complexul Energetic Oltenia (Oltenia Energy Complex) has now begun with the choice of Kienbaum, Germany’s largest executive search firm, for the more

05.06.2012

Romania will appoint private managers to run state-owned companies by October and the first companies targeted are hydropower generator Hidroelectrica and natural gas transporter Transgaz (TGN.RO), more

05.02.2012

Johann Lurf will step down as president of Volksbank Romania, after two years in the position, and the bank will have a replacement in June. more