Orange Romania has a new general director Jean Francois FallacherFrance Telecom Orange replaced Thierry Millet as general director of Orange Romania with Jean Francois Fallacher, former general director of Sofrecom an international consultancy company of the telecom group, Orange Romania announced quoted by news agency Mediafax. Fallacher will take over Orange starting July 1 and Millet will return to France to coordinate other activities in the group.
OTE will not purchase the shares of the Romanian state at Romtelecom Greek group OTE will not purchase the shares of the Romanian state at Romtelecom, a decision which came after a financial evaluation of the group in Greece and the imposition of Deutsche Telekom, a majority share holder, to accumulate cash, sources close to the transaction told Hotnews.ro. The Romanian state owns 46% of the shares of Romtelecom and Minister Valerian Vreme announced it expects to receive 1 billion euro for the package.
Korean consortium is interested in reactors 3 and 4 at Cernavoda plantKOREA International Nuclear KEPCO manifested its plans to attend the construction of reactors 3 and 4 of the Romanian Cernavoda plan, Economy minister informs. According to the ministry, a delegation of the consortium met with the Economy minister Ion Ariton. The project of reactors 3 and 4 just went through a failure as investors withdrew from the bid. The investment is estimated at 4 billion euro.
"i" mark stands between Hyundai and BMWThe mark "i", used by both BMW for some technologies and for its future electric cars and Hyundai for cars sold in Europe and other markets might become a subject of dispute between the two car makers. While BMW does not have a problem with sharing the same letter - i - with Hyundai, the Korean company is "looking at possible strategic actions", 0-100.ro reports.
Angus Slater the new Vodafone Romania Marketing Director Starting June 1, 2011 the new marketing director at Vodafone Romania will be Angus Slater, the telecom operator announced on Thursday. Slater will replace Marco Kind who end of mandate in Romania was announced as early as March this year.
Ford Romania President criticizes his own employees at the Craiova factory, accusing them of inefficiency and waste in an internal editorial, Gazeta de Sud local newspaper reads. Workers however claim that all cars assembled respect the quality standards and officials in the company claim that the statements of the president of the company should be interpreted in terms that he wishes a perfect team. On the other hand, a Spanish daily read that it is possible that the Transit Connect production to be moved from Craiova to Spain but Ford denies that information, the local newspaper Gazeta de Sud reads.
Current account deficit dropped by 58.9% in Q1 2011 to 634 million euro The current account deficit of the balance of payments dropped in the first quarter of the year by 58.9% compared to the similar period, last year to 634 million euro, Romania’s National Central Bank data reports. In January – March 2010 the current account deficit was 1.54 billion euro.
Kinga Agnes Daradics, new MOL Romania CEO MOL Romania announced on Monday its new CEO Kinga Agnes Daradics that will replace Szabolcs Ferencz that lead the oil company as of January 2010. Daradics started her career with MOL in 2003.
PM Boc: there’s no reason to give p the objective to join euro zone in 2015 Romania maintains its objective to join the euro zone in 2015, PM Emil Boc said at the end of a government’s meeting. Boc said that this is the decision of the government following consultations with coalition members, Central Bank Governor Mugur Isarescu and President Traian Basescu. There is no reason to give up this objective, Boc said. The government approved on Friday the convergence program through which Romanian maintains its objective to adopt the euro in 2015.
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