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24 septembrie 2008

George Cojocaru dismissed from the management position CA from Romexpo.

Yesterday, George Cojocaru was dismissed from the management position of the board of directors from Romexpo, position that will be taken by Ionel Gagu, the head of the Chamber of Commerce from Buzau, according to a decision of the shareholders of the exhibition center. Cojocaru has occupied this position since 1991. He is also the general manager of Romexo Company, for which the shareholders did not take a decision yet.

RZB risks 252 million Euro on Lehman Brothers.

Raiffeisen Zentralbank Osterreich AG is placed on a risk position of 252 million Euro, after the investments made on Lehman Brothers, the representatives of the Bank from Vienna announced, yesterday. " taking into consideration the interdependence between the international financial markets, just a few important financial institutions were not affected by consequences of the insolvency Lehmans. Raiffeisen Zentralbank Osterreich AG (RZB) has a part of the Lehman debts (especially the bonds) and it is directly affected.

Mugur Isarescu: The Government Shall not Hurry Up the Economic Development.

"The Government shall not look in an obsessing way at the economic development", Mugur Isarescu, the BNR governor appreciates. He considers that our country has a high potential for an economic development that could be achieved in the next years. " Romania has all the necessary ingredients for a good economic development for some years. The biggest mistake that the future governments could make, would be the acceleration of the economic development.

Tariceanu stays calm: Romania will not be affected by the international financial crisis.

Yesterday, the Prime Minister, Calin Popescu Tariceanu said that Romania will not be affected by the international financial crisis. From his point of view, the turbulence seen on the Romanian stock-exchange has been determined by the financial situation of the foreign investors that were forced to sell their shares, and not by a dimished confidence in the financial state of the country. " The international financial crisis will not affect the economy or the citizens", the Prime Minister granted.

Georg Kovacs, EOS KSI: " The new norms of accreditation will influence the debt recovery market"

This year, the debt recovery market will slow down its rate of development as a consequence of the impact that the new settlements from BNR will have towards the number of loans and , as a consequence, towards the number of debts declared by the banks, considers Georg Kovacs, the general manager of "EOS KSI Romania" , the leader in this domain. "The impact on the debt recovery market will be felt in about 6-9 months", considers Georg Kovacs.

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