Archive » September 2008 » 19 September 2008 The english news from 19 September 2008
OTP group could sell OTP Bank Romania
Hungarian OTP financial group, majority shareholder of OTP Bank Romania (1.4 percent market share), could sell the branch if it does not yield a profit. Shareholders have decided to stop the expansion process in Romania. OTP also announced its intention to sell the Serbian…
Romanian Govt Oks Pension Hike As Of Oct 1
The Romanian Government decided Thursday to increase the value of the pension point by 20%, to 697.5 lei (EUR1=RON3.6897) from RON581.3 as of October 1, one month earlier than the initial date, people close to the matter told MEDIAFAX.…
Financial companies plunge 7.64% owing to panic on the market spurred by global financial turmoil
Financial companies at the Bucharest Stock Exchange (BSE) collapsed 7.64 percent to a low of the past three and a half years after investors panicked and sold investment funds, fearing effects of the international crisis.…
President Basescu invites large companies to invest in Romanian intelligence
Romania's President Traian Basescu on Thursday called on large foreign companies to walk into the footsteps of Renault and Oracle and invest in Romania's intelligence. Basescu attended the opening of a Renault technical centre at Titu, Dambovita County.…
Wimmer, from CEO at BCR to CFO of Erste Group
Manfred Wimmer, 52, former interim CEO of the BCR, has become a member of Erste Bank's executive board, taking over as chief financial officer (CFO) and chief performance officer (CPO), which means he is in charge of the finances and the…