People
Head of Romanian Central Bank operations becomes country’s new representative at IMF
Romania will have a new representative at the International Monetary Fund, after the incumbent Mihai Tanasescu has been named vice-president of the European Investment Bank. He will be replaced by Şerban Matei, the head of operations in the Romanian Central Bank (BNR). He will take over the new job at the end of this summer. [...]
James Heyworth Dunne takes over as Head of Valuation for CBRE Romania
James Heyworth Dunne has been named Head of Valuation with CB Richard Ellis Romania, while also serving as the Head of the Capital Markets Department. His new role includes co-coordinating the valuation activities at CBRE alongside his current duties of working with investors and developers and acquiring and disposing of assets in Romania and the [...]
Romanian gets helm of ING Life Insurance in Hungary
Romanian Cornelia Coman, the head of ING Life Insurance in Romania, will take over at the helm of ING Life Insurance and Pensions in Hungary, from the beginning of June. The company is yet to announce her successor in Romania. In Hungary, she will replace Zsolt Kovacs, who left the ING group. Until her successor [...]
Romanian media scandal triggers change of Education minister proposal just before Parliament hearings
One day before the proposed members of the Romanian Government were to appear in front of the Parliament, the designated Prime Minister Victor Ponta replaced the Education Minister proposal. On Sunday evening (May 6 ), Ponta nominated Ioan Mang to take the Education seat, replacing Corina Dumitrescu, who had been at the centre of a [...]
Romanian Mihai Purcarea becomes chief investment officer for Erste Asset Management in Romania
Erste Asset Management named Romanian Mihai Purcarea as its Chief Investment Officer. At 29, Purcarea becomes one of the youngest investment managers in Romania.Erste Asset Management has assets of some EUR 690 million, and its largest fund is BCR Monetar. Purcarea, a 2005 Financing and Banking Management graduate, replaced 36-year old Nicolae Albu, who went [...]
Princess Marina Sturdza, British Ambassador Harris, in the Vodafone Romania Foundation board
Princess Marina Sturdza and the British Ambassador to Romania, Martin Harris are part of the new board of the Vodafone Romania Foundation. The new board, named for two years, also includes Condelina Kilikidis, governmental expert, and Florina Tănase, senior regulatory director, Legal and Corporate Affairs, Vodafone România, Andres Vicente, Chief Commercial Officer, Elena Şerban, director [...]
IMF returns to Romania for fifth review of stand-by loan on April 24, Franks’ last as chief negotiator
A joint team of International Monetary Fund (IMF), European Commission (EC) and World Bank representatives will arrive in Bucharest on April 24, for the fifth review of the country’s stand-by agreement. The visit will last until May 5. This will be the first evaluation mission made under Romania’s new Government, led by Prime Minister Mihai [...]
Philip Morris names Sorana Mantho new Corporate Affairs Director for Romania, Bulgaria
Sorana Mantho is the new Corporate Affairs Director with Philip Morris Romania and Bulgaria, replacing Andrei Vasilescu, who has gone off to try his hand as an entrepreneur after 16 years with the company. Mantho has been working for the last 13 years in legal management for companies in telecom and heavy industry. She was [...]
Eric Stab becomes president & GM of GDF Suez Energy Romania
Eric Stab, the executive president of GDF Suez Energy Romania, has become president – general manager of the company, and will continue to supervise the markets of Austria, the Czech Republic and Slovakia. GDF Suez Energy Romania’s management council, led by Eric Stab, includes several other expats: Yvonnick David, VP Operations, Frederic Bellon – Acquisitions [...]
Steven van Groningen’s blog, number two business blog in Romanian blogging competition
Raiffeisen Bank Romania president Steven Van Groningen’s personal blog won the second spot for business blogs in the local blogging competition Roblogfest. He came second to Orlando Nicoara, the general manager of Mediafax Group and Apropo Media. Dutchman Van Groningen, also the president of the Foreign Investors Council in Romania, has been the CEO of [...]
Erik Jan de Vrijer takes over from Jeffrey Franks as IMF’s chief negotiator for Romania
The International Monetary Fund (IMF) has named Dutchman Erik Jan de Vrijer (in picture) the chief negotiator for Romania, replacing American Jeffrey Franks, who’s been leading Romania’s economic program within the IMF for the last three years. Erick Jan de Vrijer, who was IMF’s Europe Department Assistant Director, will start on the new job this [...]
Heineken names Onno Rombouts at helm of Romanian subsidiary
Beer producer Heineken appointed Onno Rombouts to lead its Romanian subsidiary, replacing Jan Derck van Karnebeek, who was promoted president of Central and Eastern European region with the beer maker. Before joining the Romanian division, Rombouts led the Asian Pacific division, being headquartered in Singapore. He has been working for the beer producer for the [...]
New IMF chief negotiator for Romania to be announced in late April
The new International Monetary Fund (IMF) negotiator for Romania will be introduced to the Romanian authorities during the IMF’s fifth review of the country’s agreement in late April, according to the Romanian media. The replacement is scheduled as current IMF negotiator, Jeffrey Franks’ mandate will soon come to the end. Jeffrey Franks joined the IMF [...]
Fondul Proprietatea shareholders elect Van Groningen, Rymaszewski and Healy to board of representatives
Steven van Groningen (in picture) and Piotr Rymaszewski, the two candidates proposed by American investment fund Elliott, as well as Julian Healy, put forward by shareholder City of London, were elected to the board of representatives for Fondul Proprietatea investment fund in Romania. Van Groningen is the president of Raiffeisen Bank in Romania and head [...]
Romanian PM gathers local business people in advisory council
Romanian Prime Minister Mihai Razvan Ungureanu, who has recently appointed 28 local business people as advisers, has asked them for proposals to combat tax evasion, attract more EU funds and increase exports, among others. “The Council is the best beacon sent to the private economic area, but at the same time a proposal for partnership [...]
Banca Italo Romena appoints new GM for Romania
Italian lender Banca Italo Romena appointed Paolo Mariani as its new general manager, replacing Giulio Simonelli, whose mandate ended in March this year. Before arriving in Romania, Mariani led Italian bank Carifac, part of the group Veneto Banca, parent company of Banca Italo Romena. Mariani, 51, has over 20 years of experience in the banking [...]
Danone appoints Dieter Schulz as GM for Romania & region after Batoux moves to Coca-Cola
Dieter Schulz is the new general manager of dairy maker Danone for Central and Southern Europe, covering Romania, Bulgaria, Greece and the Adriatic countries. He will take over the helm of Danone Romania from Stephane Batoux, who moved to Cola – Cola Hellenic Romania earlier this year. Schulz started his career in 1996 with Air [...]
Oracle Romania CEO Sorin Mindrutescu returns to the helm of American Chamber of Commerce
Sorin Mindrutescu, the CEO of Oracle Romania was elected as president of the American Chamber of Commerce in Romania, replacing Alexandra Gatej, who failed even to make the board this year. The AmCham elections took place on Thursday evening ( March 29 ). Mindrutescu returns at AmCham’s helm after a one-year hiatus. He was president [...]
Bayer names Renato Keller new General Manager in Romania
Pharma producer Bayer Romania has recently appointed Renato Keller (in picture) new General Manager of the company, replacing Andreas Damaske. Renato Keller, former managing director for Bayer in Bulgaria, is also Country Head for Bayer Healthcare, according to the company. Before coming to Romania, Renato Keller has held other managing position within Bayer Group. Between [...]
Xerox promotes another Romanian to regional level: Răzvan Botezatu named services director for CIT region
Xerox has promoted Răzvan Botezatu to the regional level, as Strategic Account Operations and Services Director for Central Europe, Israel and Turkey (CIT). Botezatu (in picture) will coordinate the direct sales and marketing for document management activities in the CIT region and will train sales managers across the region. Another Romanian, Marius Persinaru, is the regional chief [...]
Parliament names new president for Romanian National Securities Commission
The Romanian National Securities Commission (CNVM) will be headed by Carmen Negoita, the former VP, with the support of ruling Democrat Liberal Party (PDL), replacing Gabriela Anghelache, who has been running the stock market supervisory body for the last 11 years. Negoita is a law graduate and has worked with the Commission since 2005, as [...]
Saduokhas Meraliyev to step down from helm of Romania’s Rompetrol
Saduokhas Meraliyev, CEO of the oil and gas company Rompetrol, will withdraw from this position starting June 1, 2012, as a result of the rotation strategy planned with the sole shareholder of the group, KazMunaiGas, according to Mediafax newswire. However, he will remain a member of the company’s Board of Directors. Saduokhas Meraliyev is CEO [...]
Romanian Mihai Tanasescu becomes European Investment Bank Vice-president
Former Romanian Finance Minister and the country’s representative with the International Monetary Fund (IMF) Mihai Tanasescu was named vice-president of the European Investment Bank (EIB), according to Mediafax newswire. He will be one of the eight EIB vice-presidents and will coordinate the bank’s activity in Greece, Cyprus, Denmark, Ireland, Africa, Caribbean and Pacific countries and [...]
Alexandre Paul Maymat takes over from Guy Poupet as president of BRD SocGen in Romania
Alexandre Paul Maymat will replace Guy Poupet at the helm of the local subsidiary of French lender Societe Generale. Pending approval form the bank’s shareholders, set to meet on April 26, and the green light from Romania’s Central Bank (BNR), Maymat should take over as president of BRD Societe Generale in Romania from the beginning [...]
Stephane Batoux moves from helm of dairy maker Danone to Coca Cola Hellenic Romania
Stephane Batoux, the former general manager of dairy producer Danone Romania is the new general manager of Coca-Cola Hellenic Romania & Moldova, according to Romanian media. He will replace Michalis Imellos, the interim GM, who has been named Chief Financial Officer for the group, at the Athens HQ. Imellos took over the helm of Coca [...]
Romania strikes gold, silver and bronze at European Gymnastics Championship, wins title after four years 
‘Magic mentalist’ wins ‘Romania’s got talent’ competition after flat-lining during live show 
Three trams collide, derail in Bucharest accident, at least 86 injured 
‘The Avengers’ epic movie almost covers production costs with first week-end box office revenues 
Athletic Bilbao files official complaint over Bucharest airport delays after Europa League final 
Wajiha Haris, Scheherazade Foundation president: “No” is never an option 
Romania’s Education Minister accused of having plagiarized three international research papers 
German STEAG buys wind farm from Romanian Monsson, plans EUR 200 mln investments 
Romanian actor Serban Ionescu left bed bound after catching Lyme’s disease from tick bite 
S Immo to put EUR 66 mln into The Mark – Bucharest office building with intelligent facade
