Business Review No.37, October 11 - 17

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WHO’S NEWS / CALENDAR

WHO’S ALEXANDRU GOSA has joined Badea Clifford Chance. His practice encompasses a wide range of mergers & acquisitions transactions, as well as public procurement projects and complex litigation cases. Before joining the firm, Gosa worked for a Romanian law office affiliated to one of the Big Four firms. He graduated from the Bucharest University Faculty of Law in 2002 and has been a member of the Bucharest Bar since 2003. LEIF CHRISTIAN CROPP is leaving E.ON Romania at the end of this month, to go back to the group’s headquarters in Germany. He has worked for the energy company for 25 months, being in charge of the acquisition of natural gas and power as director of the gas supply division. Cropp studied law in Heidelberg, Buenos Aires and Kiel. He holds a MBA degree from Handelshochschule Leipzig (HHL) in international management. CRISTIAN SAS has been appointed COO of Anima Specialty Medical Services by the A&D Pharma Group. He has professional experience of over ten years in business development in the fields of medical services and private health insurance. Sas previously worked as project manager at Allianz-Tiriac Asigurari after nine years serving in the management teams of Polisano Clinic and Centrul Medical Unirea. SORIN SUSNEA, 32, has joined Lina & Guia as associate partner after having previously collaborated with the law firm as an independent consultant. He holds extensive preofessional experience in litigation and commercial law. Susnea is the founder of the Susnea & Popescu boutique law firm. MARIA ELISEI has been promoted to director of healthcare & pharmaceuticals at KPMG. She specializes in healthcare and pharmaceuticals, and has also tak-

NEWS en part in many engagements in a wide variety of industries. Her experience with capital markets transactions includes taking a Romanian business on the London Stock Exchange. TUDOR GRECU has been promoted to director of financial services at KPMG. He is a specialist in financial services and the insurance sector. His experience derives from being part of the company’s banking audit group as it has grown and developed over the last decade to its current position in the financial services consultancy market. He specialises in regulatory matters in his sector such as Basel II and capital requirements for banks. ANGELA MANOLACHE has been promoted to director of accounting advice and IFRS Solutions at KPMG. She joined the company nine years ago and during this period she has built her expertise in a broad range of areas of accounting: Romanian and international, both industry specific (financial services, telecom, oil industry) and general purpose (consolidations, conversions). She is a specialist in financial instruments, including derivatives and hedging, and she also coordinates financial risk management engagements. SIMONA STAVROSITU has been promoted to director for the telecoms sector at KPMG. She has been working for the company for 11 years and has wide experience in managing audits of large Romanian firms and international groups operating in Romania, reporting under IFRS, US GAAP and SOX 404. Stavrositu has coordinated audit engagements for the oil industry, electronics manufacturing, IT software, food and beverages, as well as the telecoms sector.

Business Review welcomes information for Who’s News from readers. Submissions may be edited for length and clarity. Feel free to contact us at editorial@business-review.ro BUSINESS REVIEW / October 11 - 17, 2010

EVENTS, BUSINESS AND POLITICAL AGENDA OCTOBER 14 é 9:00 - The British Romanian Chamber of Commerce (BRCC) organizes

the Market Leaders Question Time Debate event with the occasion of its 2010 AGM at the Radisson Blu Hotel. By invitation only. é The 2010 edition of the National Conference on HR takes place at Rin Grand Hotel. By invitation only.

OCTOBER 15 é TEDxBucharest2010 takes place in Bucharest. Attendance is by admis-

sion process only.

OCTOBER 20 é TotalSoft organizes a press conference to announce its financial results

for the first three quarters of 2010 at the Radisson Blu Hotel. By invitation only.

OCTOBER 21 é Centrul Medical Unirea organizes a new edition of the European Bahá’í

Business Forum (EBBF) conferences at CMU Baneasa. By invitation only.

OCTOBER 27 é 19:00 – The Dinu Patriciu Foundation organizes the Education Award

Gala at the Parliament Palace. By invitation only.

Romania to post sharpest decline in emerging Europe, predicts IMF Romania will register the sharpest economic decline this year of all countries in emerging Europe, according to the World Economic Outlook from the International Monetary Fund (IMF).The country will post a fall of 1.9 percent this year, while next year it will have the smallest GDP growth among these countries, at only 1.5 percent. Romania’s inflation rate is also among the highest in these European states but its unemployment

rate is one of the lowest. Among the countries in emerging Europe, the IMF anticipates economic growth of 3.7 percent this year, followed in 2011 by growth of 3.1 percent. Turkey and Poland will be the engines of growth, with their economies increasing by 7.8 percent and 3.4 percent respectively this year. Next year, Turkey will see growth of 3.6 percent and Poland of 3.7 percent. Otilia Haraga

President returns pensions bill to Parliament President Traian Basescu has announced that he has decided to send the draft of the Pensions’ Law back to Parliament, with a different retirement age for men and women. Basescu is proposing that women should retire at 63, instead of 65 as the bill stipulates in its current form. “I support unconditionally equality by law of opportunities and

treatment between women and men, but I must consider the social realities in Romania. I cannot help noticing that women have a more difficult situation than men. A woman who has a job in the public or private sector also has to work at home, so women work twice as much in Romania,” said Basescu. Otilia Haraga

The figures cited in the news item headlined “A ustrian A irlines reports EUR 207 million local revenue for the first 8 months” in last week’s edition refer to the BSP production (Bank Settlement Plan/IATA ) and not to A ustrian A irlines in Romania.

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