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Tarom has yet to find a new manager after Ruxandra Brutaru's resignation

The resignation of Ruxandra Brutaru, general manager of Romanian flagship carrier Tarom last week, has failed to prompt an official response from the Transportation Ministry to explain who w...

Andreea Neferu · 22.03.2011 · 21:03 · 1 min
ZF English

CSA: Rising number of cases where premiums collected by brokers no longer reach insurers

Brokers are complaining insurance companies are imposing them abusive clauses in intermediation contracts and are often refusing to pay them the owed fees, but the Insurance Supervision Comm...

Ciprian Botea · 22.03.2011 · 20:56 · 1 min
ZF English

Adrian Severin pressured to put an end to a 20-year political career following huge EP corruption scandal

After 20 years of being an active politician, Adrian Severin could be forced to put an end to a career, which has been a blend of controversial moves and competent public appearances that cr...

Iulian Anghel · 22.03.2011 · 16:42 · 2 min
ZF English

Petrom has made one billion euros on the Stock Exchange since the beginning of the year

A few months before the state is set to sell 9.84% in Petrom on the stock exchange, the company's shares have exceeded 0.4 lei.

Andrei Chirileasa · 21.03.2011 · 23:58 · 1 min
ZF English

Honeywell CEO arrives in Bucharest to discuss state aid

David Cote, chairman and CEO of US industrial group Honeywell, arrived in Romania yesterday to discuss with the authorities in Bucharest about state aid for an about 100 million-euro investm...

Razvan Voican · 21.03.2011 · 23:55 · 1 min
ZF English

HP CEO: We went up by over 10% in Q1. Demand is returning

American IT giant Hewlett Packard says it will reach 3,600 employees in Romania at the end of the year and if demand on foreign markets rises, the company could open a second services centre...

Adrian Seceleanu · 21.03.2011 · 23:50 · 1 min
ZF English

Around 20,000 companies with financial difficulties will be able to reschedule their tax obligations

Around 20,000 companies with financial difficulties will be able to reschedule their tax payment obligations over a period of up to five years.

Claudia Medrega · 21.03.2011 · 23:48 · 1 min
ZF English

Fraud cases send leasing companies all the way to Spain to get cars back

The leasing industry has seen a significant increase in fraud cases on the auto segment lately, with many companies discovering that many cars had "simply vanished" and starting to look for...

Razvan Voican · 21.03.2011 · 23:47 · 1 min
ZF English

H&M spends hundreds of thousands of euros to announce it's coming to Romania

One week before the launch of H&M in Romania, on the streets, in the underground, in magazines and on TV, the name of the Swedish retailer and the pictures of model Gisele Bundchen, the face...

Cristina Roșca · 21.03.2011 · 23:46 · 1 min