MANAGEMENT
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GM Says Oltchim Must Restart Operations, Pay Back Wages To Employees In Two Weeks
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 t...
Oltchim Names New General Manager
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% sta...
Fondul Proprietatea After Two Years Of Templeton Management: Lower Assets, Shares Just As Cheap
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 th...
Eximbank Changes Management
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.
Eximbank Shareholders To Discuss Change Of Managing Board
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...
BCR Appoints New Chief Operating Officer
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...
Only Two Of Top Ten Local Insurers Kept Top Executives During Economic Crisis
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 insurer...
Coface Romania’s Deputy CEO Promoted As Country Manager
Coface Romania named Constantin Coman, currently deputy general manager on services segment, as country manager starting October 1, replacing Cristian Ionescu.
Finance Ministry To Approve Eximbank’s Board Next Week - Sources
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.