Romanian Parliament makes new attempt to exempt state companies from corporate governance

Romanian Parliament makes new attempt to exempt state companies from corporate governance

Sep 24, 2018

A new legal draft, currently discussed in the committees of the Chamber of Deputies, proposes the exemption of 100 major state-owned companies (SOEs) from the enforcement of corporate governance legislation currently in force, Franklin Templeton, the manager of local Fondul Proprietatea warns, quoted by Romania-Insider.com. The amendments are largely the same as...

Panathinaikos victorious in Cluj

Panathinaikos victorious in Cluj

Sep 24, 2018

Panathinaikos defeated U-Banca Transilvania Cluj in a friendly game in Romania 72-79. Xavi Pascual’s squad is getting ready for the start of the season, with one more big tournament ahead in Athens. Keith Langford and Nick Calathes led the winners with 12 points each, while Stephane Lasme followed with 11 points The Greens lacked Nikos Pappas, who did not...

Romanian bank wants to raise EUR 21.5 mln through capital increase

Romanian bank wants to raise EUR 21.5 mln through capital increase

Sep 23, 2018

Romanian lender Patria Bank will carry out a capital increase between September 21 and October 22 aiming to raise RON 100 million (EUR 21.5 million) from its shareholders and qualified investors on the Bucharest Stock Exchange, according to Romania-Insider.com. The operation was approved by the Financial Supervisory Authority (ASF) and will be managed by BRD’s...

G4Media.ro: Hungary, Russia’s Trojan horse at the heart of Europe

G4Media.ro: Hungary, Russia’s Trojan horse at the heart of Europe

Sep 23, 2018

Prime Minister Viktor Orban was in Moscow, and President Janos Ader was blocked on the airport in Budapest after the presidential plane was hit by a catering truck. This is how Hungarian leaders motivated their absence from the summit in Bucharest that brought together 12 states from Central and Eastern Europe, a meeting with great economic and political...

Businessman Ion Tiriac says rich sheik is ready to make ”unlimited investments” in Romania

Businessman Ion Tiriac says rich sheik is ready to make ”unlimited investments” in Romania

Sep 22, 2018

Former tennis player, businessman Ion Tiriac, has said that one of the richest men in the world, sheik Hamdan bin Zayed bin Sultan Al Nahyan, has promised ”unlimited investments” in Romania, according to RomaniaJournal.ro. Ion Tiriac plans to open a sports university in Romania, with the support coming from the United Arab Emirates, ziare.com reports. “The...