Dragos Damian will retake the chief executive position at Terapia Ranbaxy, a company he ran during 2006-2008. He will thus begin his fourth mandate of the past three years.
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HotNews: EU Energy Commissioner Gunther Oettinger, Romanians’ friend in Brussels?
Barroso designated the roles in the European Commission on Friday. German Gunther Oettinger (56) will be energy commissioner. He is currently mayor of the Baden-Wurttemberg land. Starting with February 1st 2010, his well-defined voice will be heard in Brussels.
Read MoreRomanian government owes €100 million to Bechtel
The Romanian government owes €100 million to the US-based engineering and construction company Bechtel, that completed a section of 42km stretch of Transilvania Motorway, according to the caretaker minister of transportation, Radu Berceanu.
Read MoreFIC stocks ignore bad news from Dubai, move 1.5% higher
FIC stocks (BSE: SIF) at the Bucharest Stock Exchange finished up 1.45% in a generally steady session, failing to follow the downtrend of the European markets that remained heavily influenced by the a plethora of bad news flowing from Dubai, related to the emirate’s possible debt default.
Read MoreNokia Romania, 500m-euro turnover in two years
Finland’s Nokia, world’s biggest mobile phone producer, with annual sales of above 50bn euros, has quietly reached half a billion euro turnover in Romania, becoming thus one of Romania’s 40 largest companies, ahead of companies such as E.ON, Posta Romana (Romanian Post Office) or Holcim. The company’s turnover climbed from 6.6m euros in 2007 to 455.6m euros in 2008 after the opening, in February 2008, of a mobile phone plant in Jucu commune of Cluj county, in the wake of investments worth 60m euros.
Read MoreRomanian opposition says president hit boy in face
Romania’s government has collapsed and its economy is in shambles but its presidential campaign has been dominated in recent days by a video that appears to show the president striking a 10-year-old boy in the face. The 18-second film shot in 2004 shows Traian Basescu, then Bucharest mayor, crouching at the edge of a stage at a campaign rally and talking to a visibly upset woman in the crowd. He reaches for her hand while looking away. Ten-year-old Bogdan Istratoiu reaches up and puts his hand in the president’s.
Read MoreRomania’s Fin Ministry, EIB To Sign Mon EUR1B Loan Agreement
Romania’s Economy and Finance Ministry will sign on Monday a loan agreement with the European Investment Bank, or EIB, worth EUR1 billion, to finance transports, environment and economic competitiveness projects.
Read MoreAltex opens new store in Bucharest
Appliance and consumer-electronics retailer said it would open new store in Bucharest, in Grand Arena Mall, its sixth electronics megastore opened in 2009, after the units in Timisoara, Bucharest, Oradea, Satu-Mare and Cluj-Napoca.
Read MoreThe SIF sector on BSE switches trend before closing bell, ends session with a 0.50% advance
The SIF sector on the Bucharest Stock Exchange (BSE) closed session in the green, with a gain of 0.50 percent, as the panic on opening vanished quickly and investors began purchasing, encouraged by the come back of the external markets. Deals totaled 23 million lei at day-end.
Read MoreSIF shares plunge 4.12% on BSE at closing bell, following pessimism on external markets
The Bucharest Stock Exchange (BSE) closed session with a decrease of more than 2 percent and the five financial companies known as SIF fell an average 4.12 percent, as the external markets reported wide declines
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