Romania Banks – Online Subtitrat http://onlinesubtitrat.biz/ Fri, 04 Jun 2021 19:28:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://onlinesubtitrat.biz/wp-content/uploads/2021/05/cropped-icon-32x32.png Romania Banks – Online Subtitrat http://onlinesubtitrat.biz/ 32 32 Joint Ventures – A Word of Warning https://onlinesubtitrat.biz/joint-ventures-a-word-of-warning/ https://onlinesubtitrat.biz/joint-ventures-a-word-of-warning/#respond Fri, 04 Jun 2021 08:40:26 +0000 https://onlinesubtitrat.biz/joint-ventures-a-word-of-warning/ Entering a new relationship and a new market is never easy, nor is developing a market in which you have minimal presence. Over time we have been in business, we have advised foreign investors, large and small, who have looked into the Romanian market with a view to developing their business and marketing their products. […]]]>


Entering a new relationship and a new market is never easy, nor is developing a market in which you have minimal presence.

Over time we have been in business, we have advised foreign investors, large and small, who have looked into the Romanian market with a view to developing their business and marketing their products. The first step in any new business should be to examine the market and assess its value. Often, potential investors come to us with their potential Romanian partner / contact with whom they have already worked or who encourages them to enter the Romanian market. Often the Romanian turns out to be their favorite partner that they have met and have had a relationship with before or over time. Often such a person is new to them and they have little or no knowledge about them. They may have met the Romanian partner through another contact or have been introduced to them through a chamber of commerce or similar organization.

Although at this point we will not go into the commercial aspects of the transaction, unless specifically requested, the most important initial question will be the structure of the transaction. business in Romania and maybe the relationship between the two parties. They come to the first meeting with the intention of going into business together but may not have decided on the structure they want to use to do their business in Romania.

The question they ask us is what form the relationship should take. In Romania for a business relationship at this level we advise them to have the choice between two common structures. One is a limited liability company (SRL) and the other is a partnership.

The partnership is an unincorporated arrangement where the parties share the profits and losses between them in an agreed manner. Such an arrangement is possible under the Romanian Civil Code (art 1949). A document is prepared which sets out the obligations of the parties and the share of the profits. The problem with a Romanian partnership is that although the concept of partnership is understood, the idea of ​​partnership of the Romanian partners can be very different from the understanding of the non-Romanian partner. This misunderstanding does not come from malicious intent but rather from a misunderstanding between the Romanian concept and the foreign concept of partnership.

Under Romanian law, a partnership does not have a separate legal personality and ownership of the assets (and goodwill) is vested in the individual partners for the benefit of the partnership and not the partnership as such. This can lead to difficulties with taxation and even asset ownership if one of the partners goes bankrupt. If one of the partners provided physical assets and they go bankrupt, the question of continuing the partnership arises. While the partnership may be profitable as a partnership, the insolvent party may have no choice but to opt out. This would have serious consequences.

The SRL is a formalized legal structure which has a separate legal identity from its shareholders. Romanian limited liability company, although structured as a corporation, has many attributes of a partnership and can be compared in some ways to a limited partnership. The administrative formalities of an SRL are simpler than those of a joint stock company. Another advantage of an SRL is that if the parties come to a disagreement, there are already certain written provisions in Romanian company law which will allow disputes to be settled either by court or by negotiation.

Another aspect that we are trying to get potential partners / shareholders to focus on is what will happen if there is a dispute – the business fails – or the partners go their separate ways. This is one of the most overlooked aspects in the first meeting and even in any joint venture discussion. Unfortunately, not all partnerships are successful. The parties may simply be incompatible and, therefore, a mechanism must be clear from the outset as to what should happen in this case and the partnership must be dissolved. Agreeing on the terms of what should happen if the joint venture fails will also help the parties to assess the attitude of the other partner. This could be essential in assessing whether the other party is the right joint venture partner.

Many Romanian partners initially expect the foreign partner to be able to resolve non-Romanian issues, just as the foreign partner expects the Romanian partner to resolve Romanian issues. It is very important that the expectations of the partners are addressed at the start of the transaction rather than when the relationship is broken. The non-Romanian partner must clearly understand that some of the business concepts and practices that he unconsciously applies are the result of applying his own understanding of legal concepts which are themselves drawn from his own experience in his own country. Similarities are “false friends” and can lead to costly mistakes and misunderstandings.

While all of the above may sound very pessimistic, it is important that all parties understand their respective rights and obligations. The fact that English is often used as a common language of communication in itself leads to many difficulties. A person who speaks English as a first language has a much broader knowledge and nuances of the language than a Romanian who may have learned it in school and broadened his knowledge by watching movies and television. Their understanding of words may be limited to one or two senses while the native speaker may have many more.

In our first meetings with clients, we try to assess how well the parties really understand each other – a difficult task, but a necessary one. The reverse is also true in relation to a foreigner who has knowledge of Romanian and who tries to communicate in Romanian. In either case, the lawyer should be aware that the inability to fully understand their position by either party can have disastrous results for the parties.

To guard against these eventualities, we advise clients to carefully commit to writing down the points they consider agreed. We then review them in light of our experience, provide a draft, and then go through the document with both parties to make sure they clearly understand what they are committing to in relation to the business.

Most joint ventures in Romania are successful and arise from a common understanding of the parties. As professional advisers, we hope that when the parties agree on all the terms, we will never see them again to discuss any misunderstandings or the document.

This is because of the possible misunderstandings and the parties must be professionally and properly advised at an early stage to ensure the success of the joint venture.

HAMMOND PARTNERSHIP

Hammond and Associates operating as Hammond Partnership is a Romanian law firm based in Bucharest. Hammond and Associates has been in existence since 2004 and is registered with the Bucharest Bar. Hammond and Associates’ lawyers are all registered with the Romanian Bar and are licensed to practice in Romania. The Managing Partner of the firm is a lawyer registered with the Law Society of England and Wales and the Bucharest Bar.

The clients of the Firm are both foreign and Romanian. Its clients consist of SMEs as well as large companies that have invested in Romania. In addition, he advises Romanian and foreign people on all aspects of Romanian law and provides advice on English law when required.

The Firm’s clients come from many fields and countries. Our clients range from banks and international companies. She advises clients in the areas of aviation finance, employment, construction and real estate, manufacturing, service industries, renewable energy, IT and IT, agriculture and maritime transport.

The firm advises on mergers and acquisitions and related transactions, including employment matters from the perspective of employees and employers. The Firm deals with communications as well as business matters ranging from business creation to distribution and trade agreements.

NICOLAS HAMMOND (Author of this article – in the opening photo)

Nicholas Hammond is an English lawyer who works in Romania and has been practicing law since 1990. Prior to his arrival in Romania, he ran a large law firm based in the City of London which decided to open an office in Europe. Is. He opened a law firm in Bucharest in June 1990, becoming the first law firm to be registered in Romania after the revolution. Subsequently, he transferred the Romanian office to the leading City of London law firm and headed their office in Bucharest for several years.

He subsequently decided to open his own law firm in Romania, which he has done and has operated and managed his own office since 2004. Hammond and Associates operates under the name of Hammond Partnership.

During his stay in Romania, he dealt with all aspects of Romanian law both for companies and for individuals, Romanian and foreign. He is experienced in many areas of law, but has focused on corporations and all aspects of business matters, including real estate.

He was for many years administrator of the British Romanian Chamber of Commerce and helped its development in Romania.



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United Fintech hires Mark Lawrence of Goldman Sachs to push US https://onlinesubtitrat.biz/united-fintech-hires-mark-lawrence-of-goldman-sachs-to-push-us/ https://onlinesubtitrat.biz/united-fintech-hires-mark-lawrence-of-goldman-sachs-to-push-us/#respond Thu, 03 Jun 2021 13:33:56 +0000 https://onlinesubtitrat.biz/united-fintech-hires-mark-lawrence-of-goldman-sachs-to-push-us/ United Fintech is expanding in the United States with the appointment of Mark Lawrence of Goldman Sachs as Director and Head of the Americas. This is a major development for the fast growing company launched by Christian Frahm to help banks, hedge funds and asset managers accelerate their transition to a digital world through access […]]]>


United Fintech is expanding in the United States with the appointment of Mark Lawrence of Goldman Sachs as Director and Head of the Americas.

This is a major development for the fast growing company launched by Christian Frahm to help banks, hedge funds and asset managers accelerate their transition to a digital world through access to specialized fintechs. in capital markets.

Mark Lawrence joins United Fintech after 14 years at Goldman Sachs in senior sales roles in London, New York and Hong Kong, most recently as LATAM manager of Electronic Fixed Income, Currencies and Commodities (EFICC) with the responsibility of managing also e-FX sales in the Americas and, prior to that, EFICC APAC sales manager. He has also held positions in e-FX sales and AHTEG sales, focusing on electronic distribution of stocks and futures.

Based in New York, Mark Lawrence will work closely with the London-based United Fintech sales team, reporting to Tom Robinson, to help develop and distribute the fintech companies acquired by United Fintech. As a member of the United Fintech board, he will also play a role in the assessment of potential fintech acquisitions. Mark will develop a sales team in New York, with appointments to be announced later this year.

Christian Frahm, Founder and CEO, United Fintech:
“The United States is a cornerstone of the financial markets industry and having people on the ground in London and New York close to decision-makers and clients of banks and financial institutions is critical to our success. We now have the power and the presence to offer a global offer.

“I am delighted that Mark has chosen to join United Fintech. He has an impressive international profile, solid business experience and an extensive network of contacts around the world. He is the ideal person to lead our US operations and further strengthen our extraordinary sales team – between them, they have strong and established relationships with the world’s most influential financial institutions.

Mark Lawrence, Director and Head of Americas, United Fintech:

“United Fintech’s mission is to develop and distribute the best fintechs in the capital markets through partnerships and collaborations. We want to work closely with our financial institution clientele to provide elegant solutions to automate workflows, facilitate integration, deliver efficiencies and reduce costs. This refreshing and positive approach appeals to me immensely and defines United Fintech.

“I worked closely with Tom when we were both at Goldman Sachs and we have known Christian for many years. I have always been impressed by Christian’s incredible vision and energy and the talent he surrounds himself with. This is an exciting opportunity to step aboard the United Fintech “rocket”, build on my 14 years of experience at Goldman Sachs and play a major role in the journey ahead. “

United Fintech has grown rapidly since its launch in November 2020 and currently employs 85 people in London, Copenhagen, Berlin, Romania and now New York. To date, the company has acquired and developed two fintechs, NetDania and TTMZero.



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Romanian coal producer CE Oltenia ends 2020 with 180 million euros in additional losses https://onlinesubtitrat.biz/romanian-coal-producer-ce-oltenia-ends-2020-with-180-million-euros-in-additional-losses/ https://onlinesubtitrat.biz/romanian-coal-producer-ce-oltenia-ends-2020-with-180-million-euros-in-additional-losses/#respond Wed, 02 Jun 2021 05:23:09 +0000 https://onlinesubtitrat.biz/romanian-coal-producer-ce-oltenia-ends-2020-with-180-million-euros-in-additional-losses/ Romania’s coal and power group CE Oltenia, which is seeking European Commission approval for a state-backed € 3.5 billion green resource conversion program, reported another loss from 939 million RON (over 180 million euros) for 2020 when its revenues fell by a third (-32%) to 2 billion RON (400 million euros). The company can only […]]]>


Romania’s coal and power group CE Oltenia, which is seeking European Commission approval for a state-backed € 3.5 billion green resource conversion program, reported another loss from 939 million RON (over 180 million euros) for 2020 when its revenues fell by a third (-32%) to 2 billion RON (400 million euros).

The company can only get 1.5 billion euros for the 3.5 billion euros (the rest of the 2 billion euros being expected from the state), according to insolvency lawyer Gheorghe Piperea – who believes that the EC could “only in theory” give the green light to the restructuring program.

Piperea (in Bursa every day) and Ziarul Financial, in a commentary on this question, notes the opposition expressed by Fondul Proprietatea (21.5% shareholder of CE Oltenia) to the government’s plan. The management of the company is however delighted with the 3.5 billion euro project. He said he sent ten letters to the banks (to obtain financing) and seek long-term contracts to sell his electricity.

“The current context is phenomenal because we have never had so much money at our disposal”, said Lăcrămioara Diaconu-Pinţea, member of the board of directors of CE Oltenia, who took his place at the management of CE Oltenia. in May of last year.

CE Oltenia’s main argument is its sheer size: it estimates that it represents 20% of the country’s electricity. However, in 2017, it accounted for 30% of Romania’s electricity, which means the company is not essential for the country’s electricity system.

By 2032, Romania is expected to completely phase out the use of coal as part of the Resilience Plan (PNRR) – meaning CE Oltenia is expected to manage wind farms, photovoltaic parks and gas-fired power plants (with H2 added).

iulian@romania-insider.com

(Photo source: Facebook / Complexul Energetic Oltenia)



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Amsterdam-based challenger bank bunq expands in France; deploys update 17 for mobile applications https://onlinesubtitrat.biz/amsterdam-based-challenger-bank-bunq-expands-in-france-deploys-update-17-for-mobile-applications/ https://onlinesubtitrat.biz/amsterdam-based-challenger-bank-bunq-expands-in-france-deploys-update-17-for-mobile-applications/#respond Tue, 01 Jun 2021 18:31:00 +0000 https://onlinesubtitrat.biz/amsterdam-based-challenger-bank-bunq-expands-in-france-deploys-update-17-for-mobile-applications/ Image credit: bunq In April, the Amsterdam-based challenger bank, bunq, expanded its operations in Germany by launching a local IBAN (International Bank Account Numbers) allowing German members to take full advantage of all the functionality of their bank accounts. bunq in France Today, the Dutch fintech company is expanding its activities in France with French […]]]>


In April, the Amsterdam-based challenger bank, bunq, expanded its operations in Germany by launching a local IBAN (International Bank Account Numbers) allowing German members to take full advantage of all the functionality of their bank accounts.

bunq in France

Today, the Dutch fintech company is expanding its activities in France with French IBANs and a new office in Paris. At the same time, the company also announced Update 17, the latest version of its mobile banking app.

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Now bunq customers residing in France can receive a French IBAN. Moreover, they can use their bunq account for all payments, withdrawals or receive a salary without worrying about IBAN discrimination.

All IBANs for euro-denominated bank accounts within the Single Euro Payments Area (SEPA) should be treated equally and universally accepted, but in practice discriminating against IBANs foreigners in SEPA countries is common.

bunq has a partnership with the acceptmyiban.org initiative, giving users the freedom to easily and securely report IBAN discrimination to authorities.

The company plans to offer local IBANs in other countries based on reports and feedback gathered from members.

Update 17

In addition to the French IBAN, the company also announced the deployment of update 17. bunq Update 17 is now available on the Google Play Store and the Apple App Store.

The latest update contains features and improvements, including:

Easy Bank: It offers the usual features of every bank account, including joint accounts, activities and places to explore popular hotspots, as well as real-time notifications.

Improved Design: With Update 17, the company has optimized the design of the app for a better user experience. For example, paying and requesting money can be done with just one click. Adding sub-accounts and getting new cards just got easier, the company says.

Batch Actions: This helps users to split multiple payments after a night out with friends. They can find out who paid for what.

Friends 2.0: This enhanced feature allows users to find all of their bunq friends in one place. Users can also see all the countries they have visited with their friends (in green) and the countries that their friends liked the most (in blue).

SOS Support: The bunq app now offers SOS support. With this option, users can get immediate assistance when they need it most.

Ali Niknam, CEO and founder of bunq, says: “Our product team, designers, developers and everyone at bunq are always listening and thinking about how to make life easier for our users. There is nothing perfect for us, because our mission is to constantly innovate and bring a product that our users want. With the new Update 17, we now have many new features to help users easily manage their finances and gain more control over their money.

Joined councils

In April, the Dutch challenger bank joined the TARGET Instant Payment Settlement (TIPS) service to offer instant payments across Europe. In particular, bunq is the first challenger bank to do so. TIPS was developed by the European Central Bank.

This cooperation offers bunq users instant payments with participating banks in their home country, the Netherlands, as well as in the rest of Europe. It should be noted that bunq already offers instant payments through the EPC instant payment system (RT1) between participating European banks.

User deposits reached 1 billion euros

Ali Niknam founded bunq in 2012 to radically change the traditional banking industry. According to the company, fintech reached € 1 billion in user deposits in April 2021.

bunq is currently available in 30 European markets: Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom, Norway and Iceland.

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# BRA2021 | Constantin Rotariu, CSO and co-founder, Bitcoin Romania: Courage to go against the stream! https://onlinesubtitrat.biz/bra2021-constantin-rotariu-cso-and-co-founder-bitcoin-romania-courage-to-go-against-the-stream/ https://onlinesubtitrat.biz/bra2021-constantin-rotariu-cso-and-co-founder-bitcoin-romania-courage-to-go-against-the-stream/#respond Mon, 31 May 2021 15:03:13 +0000 https://onlinesubtitrat.biz/bra2021-constantin-rotariu-cso-and-co-founder-bitcoin-romania-courage-to-go-against-the-stream/ Now that we’ve met the jury members of the Business Review Awards 2021, it’s time to shine the spotlight on the gala’s Platinum Partner: Bitcoin Romania, whose CSO and co-founder, Constantin Rotariu, sat down with BR for a preview talk of the event! Constantin Rotariu, CSO and co-founder of Bitcoin Romania is a man on […]]]>


Now that we’ve met the jury members of the Business Review Awards 2021, it’s time to shine the spotlight on the gala’s Platinum Partner: Bitcoin Romania, whose CSO and co-founder, Constantin Rotariu, sat down with BR for a preview talk of the event!

Constantin Rotariu, CSO and co-founder of Bitcoin Romania is a man on a mission: getting everybody and everything into Bitcoin. And rather sooner than later. For 7 years he has been on a crusade demystifying Bitcoin and promoting the vast opportunities of Bitcoin as a personal and / or corporate investment. Unbank yourself is his advice to anyone who is listening. And by connecting the online and offline world with their Bitcoin ATMs, the rise of Bitcoin Romania goes hand in hand with the skyrocketing course and increasing popularity of Bitcoin. Yet there is no end to his ambition: “We plan to have over 300 Bitcoin ATMs throughout Romania medio 2022.”

How do you define performance in the 2020 challenging year?

It was for everyone in the realm of Bitcoin quite an astonishing year. With record heights and an explosion of media coverage, more and more people place value in investing in Bitcoin. Also, a new phenomenon emerged where companies (and people) migrate part of their capital directly into Bitcoin. We have identified this trend and developed an investment package for companies to do just that, in a safe way with the initial investment guaranteed. On the local market (Romania) our own Bitcoin ATM network grew rapidly to 50 units throughout Romania, answering a clear need from bitcoin (and other cryptos) users. Our growth in the “challenging” year 2020 has been steady, aligned with the rise of Bitcoin.

2020 was a difficult year for everyone and for all companies. All our ATMs are located inside and traffic restrictions have made access to them difficult, but we have many clients on our online platforms. Bitcoin emerged in 2008, following a global economic crisis. The year 2020 was for Bitcoin a confirmation that it is the best digital asset currently existing, in the conditions of rising inflation and devaluation of the fiat.

Therefore, for many companies, in this situation, Bitcoin was the best solution to deposit their profit. I think you’ve already noticed a new trend emerging in the business realm, where companies transfer their capital from banks into crypto. The reason for this migration is simple and I keep repeating it: the value of the traditional money is kind of melting if you see in time. But putting it in the right cryptocurrency, that amount is bound to be growing. Yes, Bitcoin it’s a volatile currency, but in the last 10 years this has proven a stellar investment!

From your point of view, what mattered the most in a company’s leadership, to continue to keep the business afloat?

Most importantly, a firm belief in what you are doing, being able to translate that into a strategy, and definitely courage. Courage to go against the stream. When we started as the first in Europe to bring a Crypto ATM on the market, we were mainly busy “defending” Bitcoin, and “educating” people about what it is, and why and how they can benefit from it. Now 7 years later, we have more than 50 ATMs throughout Romania, making us the market leader in Europe. And we plan through our special partner program (Bitcoin Romania offers the possibility to franchise their ATM’s) to reach 300 ATM’s by medio 2022. We have over 250,000 Romanians using our platforms. We don’t have to “defend” Bitcoin anymore, instead we are now advising companies how to migrate part of their capital into Bitcoin through our special Secure Invest Program.

For more information on the ATM Partner Program: https://bitcoinromania.ro/blog/parteneriat/

Bitcoin Romania was the first and largest cryptocurrency trading platform in the country. Years of experience in the crypto market begin with the first Bitcoin ATM in Europe. After that, we worked non-stop to bring new ways of buying in Romania and we never strayed from our mission: getting everybody and everything into Bitcoin. This makes us always want more and every year to have more ambitious targets than in the previous year. To keep the business afloat was not easy, but when your work is your passion, like a hobby, you don’t see leadership as a difficult job. That is why the new ideas and all the ways of promotion came from the need to educate, more from the need to bring or make a profit.



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The Romanian Radical Party will also run in the July 11 elections in Moldova https://onlinesubtitrat.biz/the-romanian-radical-party-will-also-run-in-the-july-11-elections-in-moldova/ https://onlinesubtitrat.biz/the-romanian-radical-party-will-also-run-in-the-july-11-elections-in-moldova/#respond Mon, 31 May 2021 06:20:03 +0000 https://onlinesubtitrat.biz/the-romanian-radical-party-will-also-run-in-the-july-11-elections-in-moldova/ The Alliance for the Union of Romanians (AUR), Romania’s third party in terms of number of deputies, announced on May 28 that it had submitted a list of candidates for parliamentary elections in the Republic of Moldova. AUR is a party created in Moldova and initially advocating the unification of the former Soviet republic with […]]]>


The Alliance for the Union of Romanians (AUR), Romania’s third party in terms of number of deputies, announced on May 28 that it had submitted a list of candidates for parliamentary elections in the Republic of Moldova.

AUR is a party created in Moldova and initially advocating the unification of the former Soviet republic with Romania. In Romania, the party has a nationalist and anti-liberal rhetoric.

The first places on the electoral list in Moldova are held by Victoria Grosu Vremeş – coordinator of the AUR Italia branch, Vlad Biletchi – president of AUR Republic of Moldova and Valeriu Munteanu – leader of the Bessarabia association. According to a press release cited by Agerpres, the list also includes the president of the Liberal Party (Moldovan), Dorin Chirtoaca, former mayor of Chisinau, and Tatiana Poting, leader of the People’s Party (Romanian).

“The AUR submitted today to the Central Election Commission in Chisinau the necessary documents to register as a candidate in the early parliamentary elections on 11 July. The list of candidates includes representative leaders of the AUR and political parties who have responded to the party’s call for unity on both banks of the Prut – Save the Union of Bessarabia, the Liberal Party and the People’s Party. Romanian “, according to the statement.

According to the same source, the Romanian deputies of the AUR, from the Republic of Moldova, were also present during the presentation of the lists of candidates.

andrei@romania-insider.com

(Photo source: Inquam Photos / George Calin)



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Romanian dictator Nicolae Ceausescu’s private plane for sale https://onlinesubtitrat.biz/romanian-dictator-nicolae-ceausescus-private-plane-for-sale/ https://onlinesubtitrat.biz/romanian-dictator-nicolae-ceausescus-private-plane-for-sale/#respond Fri, 28 May 2021 13:00:00 +0000 https://onlinesubtitrat.biz/romanian-dictator-nicolae-ceausescus-private-plane-for-sale/ As dictators and planes make the news, Romanian dictator Nicolae Ceausescu’s third favorite plane is up for auction with a starting price of € 25,000 (£ 21,500). The Super One-Eleven, made in Romania under license from the British Aircraft Corporation and powered by two Rolls-Royce engines, was delivered in 1982 but was not used until […]]]>


As dictators and planes make the news, Romanian dictator Nicolae Ceausescu’s third favorite plane is up for auction with a starting price of € 25,000 (£ 21,500).

The Super One-Eleven, made in Romania under license from the British Aircraft Corporation and powered by two Rolls-Royce engines, was delivered in 1982 but was not used until Ceausescu visited Western Democracies. During his visit to the Communist countries, Ceausescu preferred to use one of his two Boeing 707s, although the plane had to be sprayed with perfume before boarding.

The President, who was deposed and executed on Christmas 1989, was well known for his interest in aviation. In addition to his three planes, he had four helicopters, which he used to hunt bears.

Ceausescu and his wife Elena fled Bucharest by helicopter on December 22, 1989, but were forced to land before being captured by the army and shot.

***

An Austrian pensioner who went to the hospital to have his left leg amputated had his right leg removed by mistake.

A spokesperson for the Freistadt Clinic said the wrong leg was marked for amputation, calling it a “tragic error caused by human error that became evident when the man’s bandage was changed.”

The 82-year-old will now undergo another operation as the left ‘right’ leg has yet to be removed.

***

Emmanuel Macron hosted a bizarre 90-second concert by French heavy metal band Ultra Vomit at the Elysee Palace as part of an attempt to win over young voters.

The French president looked puzzled as the group, led by singer Fetus, played the Marseillaise then sang a throaty version of the rhyme A soft greene in a prank contest involving YouTubers McFly and Carlito.

Macron also promised to give a future televised presidential speech with a photo of McFly and Carlito clearly visible on his desk.

***

A woman arriving at Düsseldorf airport from Turkey exceeded her quota of 200 cigarettes by 13,620.

The 33-year-old woman told customs officials that 69 cartons of cigarettes in her luggage were a gift for her husband. She is under investigation for attempted tax evasion.

***

Spanish public television channel RTVE is investigating whether any of its employees made sexist remarks during a televised women’s football match between Real Madrid and Eibar.

As his Teledeporte channel aired commercials during the half-time break, British and American viewers saw footage of the stadium, on which a man’s voice could be heard saying, ‘They shouldn’t be playing, it should be banned. These feminazis who want equality.

Swedish Real Madrid striker Sofia Jakobsson said after the game: “It’s a joke, isn’t it? Please tell me this is a joke.

***

The “lost” Italian village of Curon has resurfaced after 70 years underwater.

Formerly housing 900 people, it was flooded in 1950 to bring together two bodies of water to supply a hydroelectric power station. Since then, only its church steeple has been visible as it rises from the middle of the newly formed Lake Resia.

Curon, featured in an eponymous 2020 Netflix thriller and 2018 novel, I stay here, has now reappeared after workers drained the lake to begin repairs to the hydroelectric power station.

Photographs of its exposed stone steps and vaulted cellars have become popular on social media, but will again be submerged in early June once the work is completed.


***

The Gdańsk WWII Museum apologized after selling commemorative socks to mark the 77th anniversary of the Battle of Monte Cassino, which is considered a testament to Polish bravery and sacrifice.

More than 1,000 Poles died and 2,000 others were wounded as they joined other Allied forces in a bloody attempt to capture a German stronghold in a Benedictine monastery that blocked the route to Rome. The assault was commemorated in a popular Polish song, Red Poppies on Monte Cassino, and poppies featured on the controversial shoes.

A spokesperson said the socks were taken off after several complaints, including one from the head of Gdansk city council, who said the merchandise “changed our memories into something smaller”. They added, however, that visitors could still purchase luggage tags, power banks and poppy-adorned eyeglass cases.



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Romanians accused of stealing $ 0.7 million from hundreds of churches in the United States https://onlinesubtitrat.biz/romanians-accused-of-stealing-0-7-million-from-hundreds-of-churches-in-the-united-states/ https://onlinesubtitrat.biz/romanians-accused-of-stealing-0-7-million-from-hundreds-of-churches-in-the-united-states/#respond Fri, 28 May 2021 10:24:56 +0000 https://onlinesubtitrat.biz/romanians-accused-of-stealing-0-7-million-from-hundreds-of-churches-in-the-united-states/ A group of Romanian citizens managed to steal $ 740,000 in donations from hundreds of churches in the United States. Four of them have been arrested, and two others are wanted in what US authorities call “Operation While Shalt Not Steal”. Digi24 reported, citing ABC News. The four arrested men were charged with conspiracy to […]]]>


A group of Romanian citizens managed to steal $ 740,000 in donations from hundreds of churches in the United States. Four of them have been arrested, and two others are wanted in what US authorities call “Operation While Shalt Not Steal”. Digi24 reported, citing ABC News.

The four arrested men were charged with conspiracy to commit racketeering, racketeering, grand theft, illegal possession of personal identification information and money laundering.

The Orlando-based group reportedly stole donation checks from 636 churches across the United States. They deposited those checks into several bank accounts, then took the money out of ATMs before the banks knew it.

The group spent the money on cars, food and clothing and made high-value wire transfers to Romania, according to US officials.

“This low-tech but well-organized effort to steal hundreds of thousands of dollars in charitable donations mailed – at a time when donations were perhaps most needed – has been stopped,” said the FDLE commissioner. , Rick Swearingen, in a press release. .

irina.marica@romania-insider.com

(Photo source: José Terrero / Dreamstime.com)



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Mexico arrests suspected Romanian boss of distributor skimming ring https://onlinesubtitrat.biz/mexico-arrests-suspected-romanian-boss-of-distributor-skimming-ring/ https://onlinesubtitrat.biz/mexico-arrests-suspected-romanian-boss-of-distributor-skimming-ring/#respond Fri, 28 May 2021 08:41:56 +0000 https://onlinesubtitrat.biz/mexico-arrests-suspected-romanian-boss-of-distributor-skimming-ring/ Hundreds of “springbreakers” enjoying the beach in Cancun, Mexico, March 18, 2012. File photo: EPA / Elizabeth Ruiz Mexican prosecutors have announced the arrest of a man identified in Romania as a key underworld figure, Florian Tudor, on suspicion of carrying out an international skimming operation copying credit card data. The arrest follows an extradition […]]]>


Hundreds of “springbreakers” enjoying the beach in Cancun, Mexico, March 18, 2012. File photo: EPA / Elizabeth Ruiz

Mexican prosecutors have announced the arrest of a man identified in Romania as a key underworld figure, Florian Tudor, on suspicion of carrying out an international skimming operation copying credit card data.

The arrest follows an extradition request from Romania on charges of organized crime, extortion and aggravated attempted murder.

A few minutes after the statement of arrest in two paragraphs was published, the Bucharest media identified the man in question as Florian Tudor, aka “Rechinul”, The Shark.

A well-known figure from Craiova, southwest Romania, Tudor and his skimming syndicate are said to have made hundreds of millions of dollars by copying credit card data from tourists in the Riviera Maya, the coastal part of Mexico’s Yucatán Peninsula, where Tudor legally lived for a decade as a legitimate businessman.

Tudor’s Bucharest lawyer Robert Bica confirmed arrest to Romanian daily Libertatea. A Mexican judge will now decide on his extradition in the next two or three weeks.

A source from the Romanian Organized Crime Prosecutor’s Office told the same newspaper that US authorities were playing a major role in the investigation into Tudor, whose illegal activities in Mexico have reportedly targeted thousands of American tourists and are believed to be responsible for around 12% of the global skimming business.

A joint investigation by OCCRP and Romania’s RISE project, said Tudor’s network has expanded to countries in Europe, America and Asia. His collaborators, mainly Romanian, use fake cards containing data stolen in Mexico to withdraw relatively small sums which they then send to Romania in cash or via Western Union.

Once in Romania, Tudor’s parents and warrant officers invest it in luxury residential complexes, which are then legally sold to launder the profits. Tudor also owns several upscale hotels and real estate in Cancun, the main city of the Riviera Maya.

The union’s modus operandi has been sophisticated. In 2014, she established a legitimate company in Mexico that provided ATMs to banks.

The group signed a contract with one of Mexico’s leading private banks, which began using ATMs with skimming devices already installed. This saved the union the trouble and risk of having to mount data copying devices in vending machines already installed in public areas.

On February 4, however, Mexican authorities blocked 79 bank accounts belonging to people in the union, which had developed a warm relationship with several Mexican politicians over the years.

Authorities in Bucharest also investigated Tudor on the trafficking of thousands of Romanians of Roma origin to Mexico and the United States, where they would be sent to steal and beg and seek asylum if arrested, on the grounds that they were fleeing ethnic persecution in Romania.



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Bringing reliability, remote access and social responsibility to Ukraine https://onlinesubtitrat.biz/bringing-reliability-remote-access-and-social-responsibility-to-ukraine/ https://onlinesubtitrat.biz/bringing-reliability-remote-access-and-social-responsibility-to-ukraine/#respond Thu, 27 May 2021 15:54:16 +0000 https://onlinesubtitrat.biz/bringing-reliability-remote-access-and-social-responsibility-to-ukraine/ According to various rating agencies. Oleksii Yatsenko, Chairman of the Management Board, of Megabank JSC When Wanda Rich, editor-in-chief of Global Banking & Finance Review, spoke to him recently, she began by asking him questions about the different ways the COVID-19 pandemic has impacted the business. “It had an impact more on the social aspects,” […]]]>


According to various rating agencies.

Oleksii Yatsenko, Chairman of the Management Board, of Megabank JSC

When Wanda Rich, editor-in-chief of Global Banking & Finance Review, spoke to him recently, she began by asking him questions about the different ways the COVID-19 pandemic has impacted the business. “It had an impact more on the social aspects,” Oleksii explained. “In order to take care of our employees and customers, we had to change the usual mode of service. We have done everything – and continue to do – everything to comply as much as possible with the recommendations for the protection and safety of our customers and employees.

“The pandemic has had an impact on the amount of online services. Of course, at this time, customers began to actively switch to online banking services. On the one hand, we have seen strong demand there. On the other hand, there was a huge load on all of our online systems and platforms – website and mobile app, self-service terminals and all remote service facilities.

We calculated that less than a year after the pandemic in Ukraine (March 2020 – March 2021), the number of payments – especially utility bills – increased by 346% thanks to the bank’s mobile app, who is todobank; 48% via the bank’s online Integral Clearing Center platform for paying utility bills and other payments, and 46% via the bank’s self-service M-box terminals. “

Megabank has been fortunate not to experience a huge negative impact. “The customer segment, which at one point was chosen by the bank as strategic – micro and small enterprises in the agricultural sector – received minimal negative impact due to the pandemic and managed to adapt to the new conditions. . Representatives of this sector have had the opportunity, with our help, to receive support through government support programs.

Oleksii pointed out that the bank has taken prudent steps to ensure that the needs of employees and customers are adequately met during this period. “It was the main job of the bank to transfer as many employees as possible to work remotely,” he said. “Before that, we analyzed the minimum number of people needed to ensure the stable functioning of all banking systems. For these employees, we provided transfer to and from work.

“Megabank has also funded laboratory tests for employees who have shown the first symptoms of a viral illness, or who have come into contact with a confirmed case. We have also provided financial assistance to those who have fallen ill with COVID-19, and provided open branches with personal protective equipment, distance information, regular disinfection of premises, etc. “

Making as many services available online as possible was another necessary step to keep customers safe. “Megabank has accelerated the implementation of online technologies in order to offer customers maximum online services. As an example, to boost the social responsibility of our customers, we have introduced cashback for paying electricity bills through the bank’s mobile app and web portal. “

Creating satisfied customers is also the basis of Megabank’s product development strategy. “The driving force behind product creation is above all the expectations of our customers,” he said. “We are constantly monitoring the demands of our customers, as well as market trends and new technologies. It is important for us to meet the needs of customers in the new products launched by Megabank. “

In this vein, todobank was also born. “Customer demands led to the creation of todobank. Megabank has many customers who use banking services to make payments.

“The bank processes a lot of customer transactions and, in fact, is a kind of transaction hub,” Oleksii continued. “It became clear that people needed a platform that would allow a smartphone to be used to make all of these payments without going to a bank branch, anywhere, anytime. Megabank processes a large number of utility bills, so there was a task to implement their payment through a mobile application. This is how the idea of ​​launching todobank was born. As for the difference between todobank and others, all similar neobanks in Ukraine were started mainly as a card issuing tool with their subsequent maintenance. To become a user of a neobank application in Ukraine, you must order and receive a card. A unique feature of todobank is that to become a customer you just need to download a mobile app and start using it, owning any card from any bank. And if you want, you can order a credit card from todobank. In addition, a prepaid card is available from todobank with which you can make certain transactions. “

With customer accessibility always at the forefront of Megabank’s thinking, the process of applying for a todobank card is particularly important. “You have to complete a short questionnaire and take a photo of an ID, and a courier will bring your card at the appropriate time. You can also get it at any branch of the bank. “

Oleksii also spoke to Wanda about the digital solutions offered by Megabank, including the clearing system, Integral Clearing Center. “This is one of the unique digital solutions that Megabank offers today. It is a unique feature of the bank that allows you to pay all utility bills in one payment. This year, we plan to launch the ability to pay all types of utility bills in one payment to all addresses in our customer’s possession. In addition, the system allows you to view online the status of debts for all types of utilities, such as heating, gas, electricity, water supply, intercom, cable TV , Internet, etc. Since last year, it has also become possible to transfer meter readings – that is, the volume of services consumed for the accounting period. This can be done through the bank’s mobile app, and there is no need to contact each service provider separately. This saves our customers a lot of time. “

Megabank – and Ukraine as a whole – are also ahead of the curve in terms of digital ID recognition. “This year Ukraine became the first country in the world to decide at the legislative level that the electronic version of the passport is equivalent to its paper counterpart,” Oleksii said. “Megabank is fully prepared for this. Today our customers can go through identification using Megabank and access the Diya app. Diya contains digital versions of customer documents: passports, driver’s license, taxpayer card, etc. In addition, our customers only need to present a digital version of their passport in the Diya application to obtain service in a bank branch. It is not necessary to take a paper version of your documents with you. This is a big step forward in our bank’s paperless policy. “

The agro-industry remains an important axis for the bank, which ensures to open up financial opportunities and to support the growth of customers in this sector. “Megabank offers a large number of products for this sector,” Oleksii said. “We adapt these products every year to keep them relevant and in demand. The bank offers agroscoring, which makes it possible to take a decision on granting a loan to micro and small agribusiness companies and private farms within 48 hours. It also provides a wide range of unsecured loans to farms to replenish working capital between seasons. The bank participates in government programs to support this sector of the Ukrainian economy and, together with foreign partners, the bank has financed loans for the development of agro-industry, energy efficiency and green energy . “

Oleksii also explained how important corporate responsibility and social responsibility are now. “In 2019, Megabank was the first in Ukraine to become an associate member of the independent international network of banks, Global Alliance for Banking on Values,” he explained. “We voluntarily joined the association because its values ​​include responsible banking activity, which involves the use of finances to ensure sustainable economic, social and environmental development, which are the values ​​of Megabank today.

“As part of our social responsibility, the priority funding areas for us are energy efficiency; upgrading of equipment and technology, including utility providers, resulting in reduced carbon dioxide emissions; the transition to electric vehicles and energy saving technologies in construction as well as alternative energy sources. We also consider that it is our social responsibility to participate in the initiatives of local authorities on the population’s access to digital services.

“During the pandemic, we couldn’t stay away. Megabank provided financial support to medical institutions by purchasing the necessary equipment. “

Oleksii is convinced that the coming year will see a marked difference from the past twelve months. “2020 for Megabank has been a year of challenges and opportunities. I have no doubts that 2021 will be the year of Megabank’s success and growth. “



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