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CEC Bank
CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as ''CEC''),Timeline – Continuation
, cec.ro (CEC Bank). Accessed 13 June 2012.
is a state-owned n banking institution.CEC Bank, majorare de capital de 55 mil. euro
originally published in the Romanian ''Business Standard'', 29 July 2009. Accessed 12 June 2012 on money.ro.

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Alexandru Ioan Cuza
Alexandru Ioan Cuza (, or Alexandru Ioan I, also anglicised as Alexander John Cuza; 20 March 1820 – 15 May 1873) was the first ''domnitor'' (Ruler) of the Romanian Principalities through his double election as prince of Moldavia on 5 January 1859 and prince of Wallachia on 24 January 1859, which resulted in the unification of both states. He was a prominent figure of the Revolution of 1848 in Moldavia. Following his double election, he initiated a series of reforms that contributed to the modernization of Romanian society and of state structures. As ruler of the Romanian Principalities, he supported a political and diplomatic activity for the recognition of the union of Moldavia and Wallachia by the suzerain Ottoman Empire and achieved constitutional and administrative unity between Moldavia and Wallachia in 1862, when the Romanian Principalities officially adopted the name ''Romanian United Principalities'' with a single capital at Bucharest, a single national assembly a ...
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CEC Palace
The CEC Palace ( ro, Palatul CEC) in Bucharest, Romania, built between 8 June 1897 and 1900, and situated on Calea Victoriei opposite the National Museum of Romanian History, is the headquarters of CEC Bank. History Before the construction of the palace, the location was occupied by the ruins of a monastery (''Saint John the Great'') and an adjoining inn. The 16th-century church was renovated by Constantin Brâncoveanu between 1702 and 1703, but later deteriorated and was demolished in 1875. The palace was built as a new headquarters for Romania's oldest bank, the public savings institution '' Casa de Depuneri, Consemnațiuni și Economie'', later known as ''C.E.C.'' ( Romanian: ''Casa de Economii și Consemnațiuni''), and nowadays CEC Bank. The land was bought and the building constructed with the institution's own funds. Work started on June 8, 1897 and was completed in 1900. The project was designed by the architect Paul Gottereau, a graduate of the École nationale sup ...
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Companies Based In Bucharest
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Of Romania
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nati ...
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Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's largest cities; being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to become a prosperous and powerful city that served as the capital of the Grand Duchy that bears its name. When the Grand Duchy of Moscow evolved into the Tsardom of Russia, Moscow remained the political and economic center for most of the Tsardom's history. Whe ...
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National Bank Of Romania
The National Bank of Romania ( ro, Banca Națională a României, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy, holds the currency reserves and manages the exchange rate. History The bank's first governor was Ion Câmpineanu. Eugeniu Carada is associated to the National Bank, as he was the founder of the bank and he was elected director of the bank, but he never accepted the role of Governor. In 1916, in the wake of the Central Powers' invasion, the valuables of the National Bank of Romania, together with many other valuables (the Romanian Treasure) were sent to Moscow for safekeeping, but were never returned (except for the Pietroasele treasure - now on display at the National Museum of Romanian History, the numismatic collection of the National Bank, some paintings a ...
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Ion I
An ion () is an atom or molecule with a net electrical charge. The charge of an electron is considered to be negative by convention and this charge is equal and opposite to the charge of a proton, which is considered to be positive by convention. The net charge of an ion is not zero because its total number of electrons is unequal to its total number of protons. A cation is a positively charged ion with fewer electrons than protons while an anion is a negatively charged ion with more electrons than protons. Opposite electric charges are pulled towards one another by electrostatic force, so cations and anions attract each other and readily form ionic compounds. Ions consisting of only a single atom are termed atomic or monatomic ions, while two or more atoms form molecular ions or polyatomic ions. In the case of physical ionization in a fluid (gas or liquid), "ion pairs" are created by spontaneous molecule collisions, where each generated pair consists of a free electron and ...
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Iași
Iași ( , , ; also known by other alternative names), also referred to mostly historically as Jassy ( , ), is the second largest city in Romania and the seat of Iași County. Located in the historical region of Moldavia, it has traditionally been one of the leading centres of Romanian social, cultural, academic and artistic life. The city was the capital of the Principality of Moldavia from 1564 to 1859, then of the United Principalities from 1859 to 1862, and the capital of Romania from 1916 to 1918. Known as the Cultural Capital of Romania, Iași is a symbol of Romanian history. Historian Nicolae Iorga stated that "there should be no Romanian who does not know of it". Still referred to as "The Moldavian Capital", Iași is the main economic and business centre of Romania's Moldavian region. In December 2018, Iași was officially declared the Historical Capital of Romania. At the 2011 census, the city-proper had a population of 290,422 (making it the fourth most populou ...
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Central Powers
The Central Powers, also known as the Central Empires,german: Mittelmächte; hu, Központi hatalmak; tr, İttifak Devletleri / ; bg, Централни сили, translit=Tsentralni sili was one of the two main coalitions that fought in World War I (1914–1918). It consisted of the German Empire, Austria-Hungary, the Ottoman Empire, and the Kingdom of Bulgaria and was also known as the Quadruple Alliance.german: Vierbund, tr, Dörtlü İttifak, hu, Központi hatalmak, bg, Четворен съюз, translit=Chetvoren sūyuz Colonies of these countries also fought on the Central Powers' side such as German New Guinea and German East Africa, until almost all of their colonies were occupied by the Allies. The Central Powers faced and were defeated by the Allied Powers that had formed around the Triple Entente. The Central Powers' origin was the alliance of Germany and Austria-Hungary in 1879. Despite having nominally joined the Triple Alliance before, Italy d ...
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Allies Of World War I
The Allies of World War I, Entente (alliance), Entente Powers, or Allied Powers were a coalition of countries led by French Third Republic, France, the United Kingdom of Great Britain and Ireland, United Kingdom, Russian Empire, Russia, Kingdom of Italy, Italy, Empire of Japan, Japan, and the United States against the Central Powers of German Empire, Germany, Austria-Hungary, the Ottoman Empire, Kingdom of Bulgaria, Bulgaria, and their colonies during the World War I, First World War (1914–1918). By the end of the first decade of the 20th century, the major European powers were divided between the Triple Entente and the Triple Alliance (1882), Triple Alliance. The Triple Entente was made up of France, Britain, and Russia. The Triple Alliance was originally composed of Germany, Austria–Hungary, and Italy, but Italy remained neutral in 1914. As the war progressed, each coalition added new members. Japan joined the Entente in 1914 and after proclaiming its neutrality at the ...
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