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VISA opens regional office in Bucharest

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Wednesday, May 18, 2005

VISA has opened a regional office in Bucharest, Romania to represent and co-ordinate the activities of the company in Romania and Bulgaria. The Bucharest bureau is the eighth office in the Central and Eastern Europe, Middle East and Africa (CEMEA) region, made up of 84 countries.

The use of VISA cards in Romania is currently growing at a fast rate. VISA has 21 member banks in Romania which have issued a total of 2.8 million cards.

The general director of VISA Southeastern Europe and North Africa, Tony Brogna, said that VISA cards embedded with chips would soon be launched on the Romanian market. This comes at a time when several Romanian banks have stated that they are planning to start issuing chip-embedded cards from June this year. Additionally, seven of the eight Central European and Baltic states which joined the European Union in 2004 already use VISA cards embedded with chips.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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