The manager of, the biggest on-line advertising company in Romania, Orlando Nicoara resigned on Thursday, according to his personal blog The reasons for this move have not yet been disclosed, but his message hints at a continuation of his activity in the internet industry. contacted Nicoara but he refused to comment on his resignation.

Following suit, Cristian Ditoiu, shareholder of Netbridge,,, e-Referate and, also resigned. The websites belong to the investment fund Broadhurst via NetBridge Limited Cyprus run by Andrei Siminel., the advertising division of, manages 50% of the Romanian on-line advertising. ArbomediaNet ranks second with 36%.