Local media: Omer Tetik to move from helm of Credit Europe Bank Romania to Banca Transilvania

Omer Tetik, the current president of Credit Europe Bank Romania, who recently announced he will end his collaboration with the bank mid-May, will most likely be the new general manager of Romanian lender Banca Transilvania, according to Romania media, quoting banking sources. Tetik would replace Robert Rekkers, who resigned in January 2012, after a nine-year mandate.

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Cosmote launches LTE in a number of markets

Cosmote Romania has announced the launch of commercial Long Term Evolution (LTE) services in Bucharest, Otopeni, Ploiesti, Cluj, Iasi, Sinaia, Busteni and Predeal. Initially the cellco’s LTE network is accessible via two USB dongles, each priced at RON99 (USD29.5) and the Samsung Galaxy Note LTE 10.1 tablet, costing RON1,369. The 4G launch allows end users to experience transmission speeds of up to 75Mbps/37.5Mbps (down/uplink). Lampros Iskos, chief technical officer for Cosmote Romania, commented: ‘The gradual development of our 4G network and product portfolio is ongoing, in alignment to our broadband development strategy which is the main pillar in our investment plans’.

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