Security firm Rosegur has appointed Daniel Timofei general manager, the first Romanian to hold this position. He plans to add new business lines, such as the transport of valuable assets and monitoring, while investing in a cash processing center in Bucharest.

Mihai Craciun, former head of Red Bull Romania, is the new general manager of confectionery company Kandia in Romania. Craciun had been working with Red Bull for the last six years in Romania and was also coordinating the Bulgarian and Moldavian businesses.

Romania is not facing a flu epidemic and the four cases of infection with the AH1N1 and AH3N2 viruses registered between January 3 and January 9, 2011 have been isolated, the Health Ministry said on Wednesday.

A new International Monetary Fund (IMF) mission will review Romania's economic performances and reforms between January 25 and February 8, the seventh review mission within the stand-by agreement. The delegation will be led by Jeffrey Franks (in picture) and will be joined by the European Commission and World Bank teams.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

Profits tax computation and declaration for the 2010 tax year

In respect of the profits tax computation, declaration...

The Bucharest Court has decided to suspend the creation of Romania's power champion company Electra, based on a request made by Fondul Proprietatea through manager Franklin Templeton. The energy company Electra should have been created based on a decision by the shareholders of Nuclearelectrica, but the court has suspended the decision.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

Telecom company Romtelecom will sack up to 1,400 people this year, part of its previously started cost reduction program. “Our long term concern is to have a viable, strong and active company. These projects involve not only a drop in the number of employees. However, many of the projects we consider include a staff reduction, considering that our aim is to do more with fewer resources,” said Yorgos Ioannidis, general manager of Romtelecom.

Security firm Rosegur has appointed Daniel Timofei general manager, the first Romanian to hold this position. He plans to add new business lines, such as the transport of valuable assets and monitoring, while investing in a cash processing center in Bucharest.

Mihai Craciun, former head of Red Bull Romania, is the new general manager of confectionery company Kandia in Romania. Craciun had been working with Red Bull for the last six years in Romania and was also coordinating the Bulgarian and Moldavian businesses.

Romania is not facing a flu epidemic and the four cases of infection with the AH1N1 and AH3N2 viruses registered between January 3 and January 9, 2011 have been isolated, the Health Ministry said on Wednesday.

A new International Monetary Fund (IMF) mission will review Romania's economic performances and reforms between January 25 and February 8, the seventh review mission within the stand-by agreement. The delegation will be led by Jeffrey Franks (in picture) and will be joined by the European Commission and World Bank teams.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

Profits tax computation and declaration for the 2010 tax year

In respect of the profits tax computation, declaration...

The Bucharest Court has decided to suspend the creation of Romania's power champion company Electra, based on a request made by Fondul Proprietatea through manager Franklin Templeton. The energy company Electra should have been created based on a decision by the shareholders of Nuclearelectrica, but the court has suspended the decision.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

Telecom company Romtelecom will sack up to 1,400 people this year, part of its previously started cost reduction program. “Our long term concern is to have a viable, strong and active company. These projects involve not only a drop in the number of employees. However, many of the projects we consider include a staff reduction, considering that our aim is to do more with fewer resources,” said Yorgos Ioannidis, general manager of Romtelecom.