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Restructuring Starts: Banks Cut 4,000 Jobs Last Year
Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies.
CFR Marfa Has New Management
Romanian Transport Minister Relu Fenechiu announced Thursday the new management of state-owned freight company CFR Marfa, made up of economists, engineers and legal advisors, which will have...
Erste: Romanian Economy Needs More Dacia Stories To Advance
Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste...
Banca Transilvania Appoints Three New Deputy CEOs
Romanian lender Banca Transilvania (TLV.RO) has promoted three executive managers to the position of deputy chief executive officer, the bank said in a statement Tuesday.
Hidroelectrica Names Interim Head
The head of Romanian power producer Hidroelectrica’s development and rebranding unit, Mihail Viorelian Stanculescu, was named interim general manager by the company’s legal administrator Eur...
E&Y: Most Romanian Managers See Salaries Up To 10% Higher In 2013
More than a half of the Romanian top executives see salaries growing between 5% to 10% in 2013, mirroring inflation rate, while a quarter want to employ new people and only 4% believe the se...
Romania Seeks Directors For Nuclearelectrica, Natural Gas Companies
Romania’s Economy Ministry plans to select new members of the Managing Board for three energy and natural gas companies in its portfolio, including state-run nuclear power plant operator Nuc...
Indesit Puts Romanian In Charge Of Local Operations
Home appliances manufacturer Indesit has appointed Marius Mihailescu to run its Romanian operations, market sources said.
E&Y: Only Half Of Romanian Entrepreneurs Are Highschool Graduates
Only 53.3% of entrepreneurs in Romania are college graduates or have highschool diplomas, and entrepreneurial education was introduced in highschools starting 2010 aiming to show entrepreneu...