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Gheorghe Ciubotaru, Electroalfa
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CEZ Group Romania appoints Ondrej Safar as new CEO starting August 1

CEZ Group Romania announced that Martin Zmelik will end his eight years long job in Romania at the end of this month and will be replaced by Ondrej Safar, who will become the new Country Manager...

Groupe Renault Romania appoints Aurelia Leoveanu as new financial director

Aurelia Leoveanu is the new Administrative and Financial Director of Groupe Renault Romania. Liviu Bocsaru, who has held this position in the last six years, becomes director of Groupe Renault C...

Catalin Radu named head of Bayer Pharmaceuticals in Romania and Moldova

Bayer Pharmaceutical's operations in Romania and the Republic of Moldova will be coordinated starting this month by Catalin Radu, who will take over the attributions of Gerhard Waltl.

Immofinanz appoints Fulga Dinu as new country manager for Romania

Fulga Dinu has taken over the role of Operations Country Manager at Immofinanz Romania and will coordinate the company's development on the dynamic office space and retail centre markets.

David Jordan named new CEO of Policolor-Orgachim group

The board of the Policolor-Orgachim group has announced changes in its top management structure: David Jordan has been named the new CEO of the Group.

AFI Europe Romania appoints Doron Klein as new CEO

AFI Europe Romania announces the appointment of Doron Klein as CEO of the company as of July this year. He currently runs AFI Europe Czech Republic operations. Doron Klein will replace David Hay...

Airbus appoints Serge Durand as head of Romanian operations

Airbus has announced the appointment of Serge Durand as head of the company's operations in Romania.

Andrew James Noble, the new UK ambassador to Romania

As the current ambassador of the United Kingdom in Bucharest, Paul Brummell, is reaching the end of his term this summer after four years, he will be replaced by Andrew James Noble, who has most...

Renault Technologie Roumanie appoints Alexander Simionescu as new general manager

Alexander Simionescu is the new general manager of Renault Technologie Roumanie (RTR), starting April 2018. Pascal Candau, who has held this position for three years, will take on other missions...

Deloitte Romania appoints Peter MacDonald as new Audit and Assurance Partner

Deloitte Romania announced that Peter MacDonald has joined the firm as Audit and Assurance Partner to lead the Financial Services Industry Audit and Assurance practice.

Colliers Romania appoints Laurentiu Lazar as new managing partner

Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the current managing partner...

Impact appoints Bogdan Oslobeanu as new general director

Impact Developer & Contractor SA board appointed Bogdan Oslobeanu as general director starting March 1.

Cushman & Wakefield Echinox recruits Alina Dima for its Property Management team

Cushman & Wakefield Echinox strengthens its Property Management team by recruiting Alina Dima, a specialist with nearly 8 years of experience in the real estate market, coordinating office and r...

Luiza Moraru will coordinate CBRE's operations in the CEE region

CBRE has appointed Luiza Moraru as Head of CBRE's Asset Services Division for Central and Eastern Europe.

More on News
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar.

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Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...

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Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...

PayU expands to Israel through ZOOZ

PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

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Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

CEZ Group in Romania ended 2017 at a net profit level

CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...

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Enel reaches one million residential customers on Romania free electricity market

Enel Energie and Enel Energie Muntenia announced reaching the mark of one million household customers on the free electricity market in Romania.

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Editorial

Daily Info
Quarterly distribution of dividends - benefits vs costs
In July 2018, Romania joined the European Union countries where companies can distribute dividends to shareholders on a quarterly basis. This change in the Company Law is extremely welcome and has been long awa...

PayU expands to Israel through ZOOZ
PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the continued expansi...

Romelectro to modernize the Smardan power station following 23 million Euro project
The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power station. The total va...

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank
Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

TotalSoft completed the acquisition and integration of Architected Business Solutions
TotalSoft, one of the leading vendors and integrators of business software solutions, wholly owned by Yazilim A.S. has completed the acquisition and integration procedures of Architected Business Solutions (ABS...