Business Review

01/07/2024

“Superpolitik“, the latest volume of the former Romanian Ambassador at Washington, George Cristian Maior explores contemporary geopolitical and strategic dynamics, offering an in-depth perspective on international relations and how they influence global security and could be an important step in better understanding the nowadays mechanisms of power.

Business - "Superpolitik", the latest volume of the former Romanian Ambassador at Washington, George Cristian Maior explores contemporary geopolitical and strategic

28/06/2024

“We are determined to continue investing in the Market format, the most versatile in our portfolio and which enjoys considerable popularity among customers. On the occasion of this opening, we aim to offer even more shopping options close to home by relocating and expanding the sales area of the new store in Cosmopolis. Additionally, we focus on improving the shopping experience through investments in space organization and efficiency, the availability of e-commerce solutions, and optimizing energy consumption to offer customers a personalized and attractive shopping journey,” said Ramona Huștiu, Supermarket Business Unit Director Carrefour Romania.

Residential - The Carrefour Market network in Romania has expanded to 192 units nationwide out of a total of approximately 450 multi-format stores; With an extended

28/06/2024

“We would like to thank all the investors for trusting us with our third-in-a-row bonds issue within 1 year. We are happy to see the rising interest from all types of investors, who recognized our efforts to offer flexible instrument and excellent value from risk-return perspective. The new bond will support our continuous above-the-market growth from a regulatory side”, said Lukas Tursa, Executive Director, tbi bank.

Business - tbi bank, one of the leading challenger banks in Southeast Europe offering flexible payment solutions, has successfully issued public bonds of 20 million

28/06/2024

🌟 Spotlight on Leadership: Mihaela Bitu, CEO of ING Bank Romania, shares an insightful journey through the transformative landscape of Romanian banking over the last 30 years. 👇 Click here to read the full interview and explore how strategic foresight and innovation have propelled ING Bank Romania through three decades of banking success.



https://business-review.eu/br-exclusive/br-interview-mihaela-bitu-ing-bank-romania-banking-makes-dreams-come-true-263541

27/06/2024

“More and more employees now understand that the office is essential for their development, both professionally and personally. Direct communication with the team allows them to learn faster, gain experience, and advance in their careers. In our office campuses, YUNITY Park and West Gate Business District, we constantly strive to create optimal conditions for interaction and socialization, and we are proud to offer our community a holistic ecosystem of spaces and amenities that support professional growth“, said Marcela Stancu, Community Director, Genesis Property.

- The office has become increasingly important in the professional development of employees, and the relationship with managers is increasingly important in

27/06/2024

A reusable water bottle becomes the coolest accessory for Electric Castle attendees. Starting with the upcoming edition on July 17, the festival will provide free access to drinking water, including in the camping areas, made possible by extending the water main in Bonțida and the festival’s own investments in connecting to it. The organizers aim to significantly reduce the amount of plastic bottle waste and provide a financially beneficial alternative for participants.

Concerts - A reusable water bottle becomes the coolest accessory for Electric Castle attendees. Starting with the upcoming edition on July 17, the festival will

27/06/2024

“We are extremely excited to launch this project on Zanzibar Beach. This initiative not only promotes the separate collection of waste but also educates the public about the importance of protecting the environment. The Deposit-Return System (DRS) is still in its first year of operation in Romania, and we believe it is essential to support both small merchants, who have a legal obligation to implement the collection of DRS packaging, and people, including during their vacations, to help them recycle in a simple and efficient way,” said Mihaela Papazu, Executive Director of the Green Planet Association.

Sustainability - Green Planet Association announces the launch of the EcoWave project: The Recycling Revolution on the Beach!, an education project for the separate

26/06/2024

"A large part of the existing insurance policies are not based on an assessment of risk exposure, and many companies in Romania do not have a risk management manager, specialized to implement a process to identify the risks to which a business is exposed. Our internal data shows that 9 out of 10 companies currently in our portfolio did not previously have a custom insurance program," says the consultant Adrian Stancu, Regional Manager – Partner at Campion Broker de Asigurare and Reasigurare SRL and founder of the Insurance Brokerage Academy, one of the important educational and training centers in the field of insurance.

Insurance - Most companies in Romania, 7 out of 10 cases, risk severe damages or the closure of the activity, because they are not insured for their specific needs,

26/06/2024

“We are extremely excited to finalize the contracting of the first phase of the Pipera development. The fact that all 36 villas have already been purchased reflects the appreciation of the project in the real estate market and our commitment to provide the highest quality homes that meet the needs and desires of a diverse range of clients. Our buyers are both expats who have relocated with their families to the capital and foreign real estate investors”, said Andrei Cantaragiu, CEO City Garden Residence.

Real Estate - City Garden Residence has fully sold the 36 luxury villas that make up the first phase of the Bonton Luxury Villas complex developed in Pipera, behind the

26/06/2024

The current business landscape is creating a highly competitive environment where performance indicators are no longer measured by financial filters alone. People, whether as consumers, employers, or simply members of society, have become increasingly informed and aware of companies’ impact on the environment. This is why they choose to work with and buy from companies that respect and embrace sustainability principles.

Opinions - The current business landscape is creating a highly competitive environment where performance indicators are no longer measured by financial filters

26/06/2024

Restart Energy has completed constructing and installing two photovoltaic power plants for Aquaserv, for a total value of more than 600.000 euro. The beneficiary’s investment will be amortized in about 3 years. The projects have a combined capacity of 928 kW and were installed on the roof and ground in Tulcea.

Green & Renewables - Restart Energy has completed constructing and installing two photovoltaic power plants for Aquaserv, for a total value of more than 600.000 euro. The

26/06/2024

“The continuous year-on-year growth is based on the very high quality of the services we offer, as well as our ongoing efforts to improve and streamline customer service processes. Our investments in the best candidate identification and recruitment solutions, along with the speed with which we respond to client requests in a market characterized by a significant personnel shortage, keep us at the top of the preferred HR service providers in Romania,” said Mariana Vaida, CEO of SMARTEMP.

Business - SMARTEMP, a company providing temporary staffing services to its clients, announces today its financial results for the year 2023, marked by sustained

26/06/2024

“At the Food Bank, we fight daily to reduce poverty and hunger by minimizing food waste and giving food a new value. We aim to eliminate food waste while so many people cannot afford a hot meal. That’s why we are delighted when we bring together companies, associations, and people eager to change this reality because this is how we create communities where Good is done Better,” stated Gabriel Sescu, President of the Federation of Food Banks in Romania – FBAR.

- 1,200 portions of food were cooked and distributed by Edenred employee volunteers to people in need. The initiative was organized as part of Ideal Day, a

26/06/2024

“We have created Lawren.ai to address a real need for fast, affordable access to quality legal information. In the past, legal technology was limited to simple databases, useful but insufficient to clarify the complex issues people face. We wanted to change that, which is why we created Lawren.ai.”, says Victor Buju, founder of Buju Stanciu & Asociații.

https://business-review.eu/business/legal/buju-stanciu-asociatii-launches-lawren-ai-romanias-first-ai-powered-legal-virtual-assistant-263331

Legal - Buju Stanciu & Asociații is proud to announce the launch of Lawren.ai, an innovative virtual assistant that transforms how people interact with the

26/06/2024

” We are very proud to be adding UMF Iasi, an education institution with impressive reputation and history, to the list of EIB universities we have supported, among which many leading universities across Europe,” said EIB Vice-President Ioannis Tsakiris.” We remain fully committed to deploying our resources towards high skills and higher education, which are key for developing a smart, green, sustainable economy, supporting Romania’s development. The returns on investment when it comes to education – and especially university education – are immense. Highly skilled graduates are indispensable to social progress and the economy.”

Business - The European Investment Bank (EIB) is lending €35.4 million to Romania's Grigore T. Popa University of Medicine and Pharmacy Iasi (UMF Iasi) to refurbish

25/06/2024

”Romania climbed three places in EY’s global ranking to 36th place, thanks to announced funding programs and legislation on offshore wind energy. There is significant potential for further growth by obtaining European certification of guarantees of origin and facilitating energy storage in batteries, which could contribute to an even better ranking in future editions of the report.” Mihai Drăghici, Partner, Consulting, EY Romania.

Energy - Despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below what

25/06/2024

"The Romanian retail market has proven its resilience and potential in Central and Eastern Europe, with remarkable results. We aim to transform Știrbei Palace into the city’s luxury shopping destination and bring Calea Victoriei back among the world’s major shopping streets." Carmen Ravon, Head of Retail Occupiers CEE at CBRE Romania.

"We are delighted to join forces with CBRE, whose outstanding reputation and track record in the real estate realm speaks for itself. This partnership reiterates our commitment to place Romania on the map of luxury shopping destinations and validates the enormous potential of H Știrbei Palace." Ana-Maria Nemțanu, Leasing Director at Hagag Development Europe.

Luxury - The luxury goods market in Romania is estimated to generate EUR 535.82 million in revenue in 2024, with a significant contribution from online sales

25/06/2024

"We are delighted to announce that we will welcome our first customers into Primark Timișoara this summer. It is an important milestone in our CEE expansion plans and a much-anticipated opening for Romania." Maciej Podwojski, Head of Sales, CEE at Primark.

"Primark is one of the popular brands that our customers have been requesting for a long time now and we are glad that we will soon be able to finally welcome them to Iulius Town Timisoara." Oana Diaconescu, Head of Leasing at Iulius.

Retail & FMCG - Primark, the international fashion retailer, has today announced the opening date of its third store in Romania. It will be the first Primark store in the

25/06/2024

"The most sought-after types of properties are centrally located apartments and apartments or houses located in green areas, close to nature, especially luxury homes, for an exclusive lifestyle." Sorana Leru, co-founder and interior architect at MiSo Architects.

"Buyers are looking for apartments with useful surfaces of at least 90 sqm-100 sqm or houses, villas over 200 sqm. Lately, more and more spacious and airy homes are being purchased, which integrate modern technologies, and the interest in smart homes is high. They are mainly sought after by Romanians from the country or from the diaspora, but also by expats." Mihaela Tampiza, co-founder and interior architect at MiSo Architects.

Luxury - The real estate market in Romania is constantly developing, which directly influences the increase in demand for interior design, higher by 20% in the

25/06/2024

"Alsendo is a real force, composed mainly of global and regional brands that have established their positions over the years. We are glad to continue supporting two Romanian brands: Innoship, which is becoming a global brand in the Alsendo Group, and Ecolet, one of the strategic local brands in Romania and Bulgaria." Magdalena Magnuszewska, CEO of Alsendo.

"Together with Alsendo Group, the SaaS Innoship platform experienced an accelerated growth in the past years, being the solution adopted by top eCommerce brands from multiple regions." Daniel Nicolae, Innoship co-founder and CEO.

"Once integrated in the Alsendo Group, Ecolet benefits from all the group’s companies experience, being able to become a more and more active player on the Romanian market." Alexandra Guja, Management Board Member for Ecolet.

Business - Alsendo, the delivery management solution leader in CEE, dedicated to eCommerce businesses, finished one of the key stages of the company transformation,

25/06/2024

"I am glad that through this partnership with Neversea we have the opportunity to make available to Romanians a state-of-the-art telecommunications network and appreciated at the industry level." Mircea Hațegan, Commercial Executive Director, Telekom Romania Mobile.

"We are delighted to announce that Telekom Romania Mobile is our telecommunications partner and that we can offer festival fans the mobile internet connection they need to share all the unforgettable moments from Neversea." Flavia Gherman, Head of Partnerships at UNTOLD Universe.

Music - There are only a few days left until the start of the Neversea festival, the biggest beach festival in Europe. Now in its sixth edition, it comes with an

25/06/2024

Schneider Electric, the leader in the digital transformation of energy management and automation, has announced the launch of its podcast, “AI at Scale.” This series provides an overview of the current state of the technology, inviting AI practitioners and experts to share their experiences, insights, challenges, and success stories.

Sustainability - Schneider Electric, the leader in the digital transformation of energy management and automation, has announced the launch of its podcast, "AI at Scale."

25/06/2024

"The rigorous selection process and meeting the EIF’s strict criteria reflect the quality and professionalism of our team. The funds will be used to expand our operational capacity, open new branches, develop our sales and marketing team, and invest in technology and software. This support will allow us to increase our lending capacity and better meet the needs of our clients, significantly contributing to the economic development of Romania," said Cristian Ionescu, CEO of Instant Factoring.

Business - The European Investment Fund (EIF) has signed a subordinated loan agreement worth 5 million lei (1 million euros) with Fintech Instant Factoring IFN, a

25/06/2024

There are only 10 days left until the fourth edition of the SAGA festival, which will take place at Romaero between July 5-7. All music lovers will have the chance to listen to over 150 artists, many of them performing for the first time in Romania. Among the most anticipated are Nicki Minaj, Rita Ora, Tyla, Armin Van Buuren and Hardwell.

Going Out - There are only 10 days left until the fourth edition of the SAGA festival, which will take place at Romaero between July 5-7. All music lovers will have

21/06/2024

"We are keen to work with an ambitious company like Redport and take on the responsibility of coordinating the group’s corporate communication initiatives and campaigns." Bogdan Grigoraș, Head of PR, Şerban & Musneci Associates.

"We are convinced that the partnership with SMA Real Estate Kluster will provide us with the necessary support for this goal of our company." Cosmin Savu-Cristescu, CEO of Redport Capital.

Property - Redport Group, one of the most active players in the real estate industry in Bucharest, started a collaboration with SMA Real Estate Kluster - the

21/06/2024

”We are delighted for the opportunity to join forces with Heuking in this major cross-border acquisition.The project’s scale and complexity showcase the exceptional depth and international reach of our combined team. The excellent collaboration in all jurisdictions was instrumental in the project’s sucess and we thank the entire team for their trust and cooperation”, said Ruxandra Bologa, Partner, NNDKP.

Legal - Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted the Chinese Inner Mongolia Mengtai Group

21/06/2024

“Geopolitical instability is a major concern for businesses. Its impact has been observed in recent months in the Middle East and – over a longer period – in Ukraine. Trade between geopolitically distant economies accounts for nearly 20% of global goods trade but almost 40% of globally concentrated product trade. Currently, more companies are turning to nearshoring as an operational strategy to overcome the risks encountered in the stages of supplying goods and products,” stated Eugen Anicescu, CEO of Aon Romania.

Insurance - Aon Romania, one of the global leaders in corporate insurance brokerage, organized the 2024 Client Trends Report webinar on June 20, focusing on current

21/06/2024

“The accelerated pace of openings on the ATAC format comes as a result of the confirmation of this model among local communities. We offer consumers – whether individuals or businesses – an efficient discount solution, with progressive discounts as the volume purchased increases, thus contributing significantly to saving a family or business budget. We are pleased with the evolution of this format in which we offer even lower prices to consumers, and we hope that the residents of Targu Mures will also appreciate these advantages”, said Ioana Toșa, Sales Director Auchan Retail Romania.

Retail & FMCG - After Brasov, Ploiesti and Timisoara, Auchan is opening a new ATAC Hiper Discount store, the network's lowest price format, in Targu Mures on 20 June.

21/06/2024

Continental reaches this year its 20th anniversary in Sibiu. From 1 to 70 production lines, from 500 thousands units to a production volume of over 40 million electronics control units per year and 1 billion sales, from 1 to 3 multifloored R&D buildings, are just some of the key milestones highlighted in the anniversary event took place at Continental’s site in the presence of local authorities, business partners, educational institutes, global and local Continental leaders.

Business - Continental reaches this year its 20th anniversary in Sibiu. From 1 to 70 production lines, from 500 thousands units to a production volume of over 40