Two new expats will join the Petrom broad of directors from January 2011. Daniel Turnheim (in picture) will be the new chief financial officer of the company, replacing Reinhard Pichler, while Hilmar Kroat-Reder will be responsible for gas and energy, replacing Gerald Kappes. The two directors who will leave Petrom will have new attributions in the OMV group, the mother company of local Petrom.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.

Arval Romania, part of BNP Paribas, has appointed Christian Busch managing director. Busch has been running the Arval subsidiary in Germany for the last six years and was head of logistics with Muller-Brot AG until then. He replaces Arnault Leglaye, who has been running the Romanian subsidiary since 2008.

Oil and gas company OMV's Chief Executive Officer Wolfgang Ruttenstorfer (in picture) was charged with insider trading after buying shares in the company a week before a major divestment, according to Bloomberg.

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

Florian Aldea (in picture) is the new general manager of Carpatcement Holding, replacing Mihai Rohan, who has been working with Carpatcement for the last ten years. Rohan will remain president of the Administration Board with Carpatcement Holding for the next two years, starting January 2011.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

A delegation of the European Parliament's Regional Development Commission is visiting Romania from November 3 until November 5 for an on-site assessment of the use of structural funds. The delegation will also visit project sites in Giurgiu, Arad and Timisoara.

Two new expats will join the Petrom broad of directors from January 2011. Daniel Turnheim (in picture) will be the new chief financial officer of the company, replacing Reinhard Pichler, while Hilmar Kroat-Reder will be responsible for gas and energy, replacing Gerald Kappes. The two directors who will leave Petrom will have new attributions in the OMV group, the mother company of local Petrom.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.

Arval Romania, part of BNP Paribas, has appointed Christian Busch managing director. Busch has been running the Arval subsidiary in Germany for the last six years and was head of logistics with Muller-Brot AG until then. He replaces Arnault Leglaye, who has been running the Romanian subsidiary since 2008.

Oil and gas company OMV's Chief Executive Officer Wolfgang Ruttenstorfer (in picture) was charged with insider trading after buying shares in the company a week before a major divestment, according to Bloomberg.

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

Florian Aldea (in picture) is the new general manager of Carpatcement Holding, replacing Mihai Rohan, who has been working with Carpatcement for the last ten years. Rohan will remain president of the Administration Board with Carpatcement Holding for the next two years, starting January 2011.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

A delegation of the European Parliament's Regional Development Commission is visiting Romania from November 3 until November 5 for an on-site assessment of the use of structural funds. The delegation will also visit project sites in Giurgiu, Arad and Timisoara.