07.15.2014

The Romanian central bank has authorized the recently created bank Banca Romana de Credite si Investitii, or BRCI, to increase the membership of its Supervisory Council to five people from three more

06.11.2014

Romania’s state-run airline Tarom, placed under private management at the end of 2012, ended last year with a net loss of 130 million lei (around EUR30 million), down by RON100 million from the more

06.03.2014

Something that should have helped state-owned companies achieve efficiency, the ‘Private sector CEO for state-run companies” project, turned out to be just an instrument for political interference more

05.14.2014

Only one month from his appointment as general manager of freight rail carrier CFR Marfa, Dan Valentin Belcea, the second private sector manager of the state-owned company announced his resignation by more

05.13.2014

Erste Asset Management, the biggest mutual fund manager in Romania, wants to raise EUR100 million with six new funds destined to investors seeking alternatives to the falling interest rates of banking more

05.13.2014

Silviu Popovici, who is running PepsiCo’s around $5 billion business in Russia for a year and a half, says he will return to Romania in 5-10 years, but does not rule out his taking over the more

05.07.2014

State-owned CFR Calatori, the largest railroad passenger carrier in Romania, ended last year with an operating loss estimated at 390 million lei (EUR88 million), from about RON537 million in 2012, more

05.06.2014

Intesa Sanpaolo Bank Romania’s deputy general manager, Ioan Mihail Anca, who also filled the position of chief workout officer (CWO), ended her term in late April and left the bank to pursue her own more

05.06.2014

Bogdan Chiritoiu remains president of Romania’s Competition Council until the appointment of a new head. more

05.05.2014

Euro Insol, legal administrator for Romania's state-run hydropower producer Hidroelectrica, has appointed two new directors at the company starting May 5. more

04.30.2014

Romania’s second-largest asset administrator Raiffeisen Asset Management Wednesday said its pretax profit rose 70% to 21.3 million lei (EUR4.8 million) in 2013, from RON12.5 million a year earlier. more

04.29.2014

Enel Romania on Tuesday appointed Toni Volpe as its new country manager, replacing Luca D’Agnese in the position, the local unit of Italian utility Enel said in a statement. more

04.17.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) on Thursday appointed Giovanni Luca Soma and Aurelian Dochia in the bank’s Board, pending authorization from the central bank. more

04.16.2014

BCR’s retail loan portfolio in the first quarter of 2014 posted growth for the first time in three years as a rebound in consumer confidence has been felt starting the first half of the year, said more

04.11.2014

Radu Stoica, Chief Financial Officer (CFO) at home-improvements store chain BauMax Romania, will take over as CFO at footwear retailer Deichmann Romania, starting April 1, 2014. more

04.03.2014

Romania’s insolvent hydropower producer Hidroelectrica named Roxana Laura Panaitescu and Petronel Chiriac as the new heads of accounting and audit departments, the company announced Thursday. more

03.31.2014

Minister-delegate for Energy Razvan Nicolescu asked the general manager of Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) to dismiss three managers of the company, following public more

03.24.2014

The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica wants to replace 80% of the company's management within two months and has started by appointing Adrian Gheorghe as more

03.21.2014

Franklin Templeton will get a higher fee under the new agreement to manage the EUR3.2 billion assets of Fondul Proprietatea (FP.RO) for two more years, in addition to distribution fees from the cash more

03.20.2014

Valeriu Nistor, country general manager at IBM Romania, has been re-elected president of the American Chamber of Commerce in Romania, or AmCham. more

03.19.2014

Austrian executive Ali Yilmaz Yildirimlar, general manager of five-star Radisson Blu Hotel in Bucharest since 2009, has been promoted to regional manager in Russia, where he will supervise the more

03.07.2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

03.03.2014

British multinational telecommunications group Vodafone has appointed Ravinder Takkar as Chief Executive Officer (CEO) of Vodafone Romania, starting May 1, 2014. more

02.21.2014

German financial group Gothaer will take over the shares it doesn’t own in its Romanian unit from the founders of the company, for an undisclosed amount. more

02.20.2014

Laurentiu Stefanescu will take over as general manager of Sika Romania, starting March 1, 2014. more