A low-profile banker specializing in corporate banking, Badalicescu knows very well RCS&RDS’ financial situation, considering that in the past few years Citi has become one of the company’s main creditors and arranged several RCS&RDS loans.
According to some estimates, the turnover of RCS&RDS reached about $800 million last year, and the job of CFO is made even more important by the fact that last year the company had debts of EUR762 million, according to Finance Ministry data. In addition, the operator controlled by Romanian businessman Zoltan Teszari has around $350 million debt to roll over this year.
(English version by Daniela Stoican)