Ursache served as World Trade Center president and general manager for 11 years. He has recently been named vice-president of the country’s Fiscal Supervision Authority, or ASF.
Chiriac was vice-president of state asset privatization authority AVAS between 2009 and 2012.
Two years ago, the Bucharest Court approved the insolvency request of World Trade Center Bucharest, as the company defaulted on debts worth 294 million lei (EUR66 million). Its main creditor is investment fund Fondul Proprietatea (FP.RO), with receivables of RON236 million.
World Trade Center reduced loss to RON4.6 million in 2012 from RON12.8 million in 2011. (EUR1=RON4.4514)