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Publicis Groupe Romania continues the digital transformation process with the help of DocProcess

Business Review - 10:48 Feb 04, 2021

Publicis Groupe Romania, part of Publicis Groupe, global marketing and communication leader, announces the successful finalization of a new phase in the process of its digital transformation acceleration. With the help of Romanian technology company DocProcess, the group has implemented a solution for the management of financial flows that digitalizes and automates the manual processing […]

Tags: Publicis Groupe Romania DocProcess
MSD Romania announces the appointment of Kostas Papagiannis as General Manager

Business Review - 10:39 Feb 04, 2021

Kostas Papagiannis takes over the general manager position of MSD Romania starting February 1. In the new role, he will focus on further developing the company’s presence in the local market, as well as creating sustainable solutions to increase patients ‘access to innovation and improve patients’ quality of life. For the past three years, […]

Tags: MSD Romania Kostas Papagiannis
REGINA MARIA Healthcare Network registered a 30% increase in corporate and individual medical subscriptions in 2020

Business Review - 15:14 Feb 03, 2021

Once again, the year 2020 confirmed the importance of the health system within the ecosystem of any society. The pandemic has generated a change of vision in the way companies and individuals choose to protect their health, showing special interest to medical packages for prevention. Companies have invested significantly in employee health, particularly since […]
The “Academy of Technical Careers” (Academia de Cariere Tehnice) begins, the project that helps high school students discover their potential

Business Review - 14:55 Feb 03, 2021

Students from high schools with a technological profile from all over the country have the opportunity to discover their potential and be guided to begin a career in the technical field. The non-governmental organization Școala de Valori supports students from technological high-schools and starts the enrollment process for the “Academy of Technical Careers”, a project […]

Tags: Academy Technical Careers
POV | Dan Fleşariu (EY Romania): Can Real Estate become a vector of growth in terms of foreign direct investment?

Business Review - 14:17 Feb 03, 2021

Real Estate has continuously been an element of attraction for foreign direct investment and one of the five vectors since the beginning of the 21st century. In Romania, most of the largest real estate investors are foreign. The notable exceptions are the Paval brothers of Dedeman, and Iulius Imobiliare, with the latter having a foreign […]

Tags: Romania
Serial entrepreneur Andrei Ursachi launches Stailer, a marketplace platform connecting beauty services providers with clients

Business Review - 14:07 Feb 03, 2021

Romanian entrepreneur Andrei Ursachi launched Stailer, after an investment of EUR 100,000. Stailer is a marketplace platform connecting beauty services providers with clients. For businesses, this means access to new customers, while not having to worry about the logistics of running an online booking system. “I have been looking for a long time for […]

Tags: Andrei Ursachi Stailer
Banks in Romania could record losses of RON 58 billion in revenues after risk by 2025

Business Review - 14:04 Feb 03, 2021

Banks in Romania could register an estimated loss in banking revenues after risk of around RON 58 billion by 2025, due to risk costs and decreased volumes, compared to the revenues that were expected before the pandemic – according to the latest research by McKinsey&Company Romania. Banks are likely to face a two-stage challenge in […]

Tags: Romania Banks
XXXLutz, the second largest furniture retailer in the world, enters the Romanian market and opens two XXXL stores in Bucharest

Business Review - 13:52 Feb 03, 2021

XXXLutz, the second largest furniture retailer in the world, enters the Romanian market and opens, on February 3, 2021, 2 XXXL stores, in Bucharest’s Militari and Pallady areas. The process is part of the expansion strategy of the Austrian group XXXLutz, which, in December 2019, took over all of the kika subsidiaries in Eastern […]

Tags: Bucharest Romanian XXXLutz XXXL
FDI fell by 42% in 2020. What’s next in 2021?

Business Review - 13:05 Feb 03, 2021

Global foreign direct investments (FDI) collapsed in 2020, with a decrease of 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to an UNCTAD Investment Trends Monitor, as the coronavirus pandemic and lockdown influenced economic activity. By Claudiu Vrinceanu Such a low level was last seen in the 1990s and is […]
Trends that will reshape the music industry

Business Review - 12:55 Feb 03, 2021

A third of musicians could leave the industry due to the financial losses brought on by the coronavirus pandemic, a report cited by NME says. The research was carried out by the Musicians’ Union, who are calling on the UK government to provide greater assistance to those affected in the industry. By Romanita Oprea The new […]
#HRSpotlight2021 | Luiza Müller, HR Director, Orange Romania: 2021 will be a year of lessons learnt, capitalization and boost

Business Review - 12:24 Feb 03, 2021

It’s time for a new #HRSpotlight interview, the fifth of the revamped 2021 series. In this episode, Luiza Müller, HR Director at Orange Romania, returns after her initial HR Spotlight interview, to sum up 2020 and explore the trends of 2021. 2020 Overview: the most important actions and programs in your organization? In a nutshell, […]

Tags: Luiza Orange Romania Director
World Economic Forum presents Romanian solution as an ally for governments

Business Review - 11:28 Feb 03, 2021

The World Economic Forum’s Davos Agenda, which recently took place online, has mentioned in one of their topics related to systems social entrepreneurs a Romanian solution as an ally for governments in tackling the challenges societies face. According to World Economic Forum, “systems social entrepreneurs” are actors who develop innovative approaches to persistent, complex […]

Tags: World Economic Forum Romanian
Somfy Romania: turnover growing by 30%, above expectations, in 2020

Business Review - 14:42 Feb 02, 2021

Somfy Romania, a leader in providing automated controlling systems for shading and access to homes and commercial buildings, as well as a key player for smart home solutions, announces a turnover of 2.8 million euros, an increase by 30% compared to the previous financial year. The positive results, above the initial estimates, are due to […]

Tags: Somfy Romania
Avison Young recruits Laurențiu Duică as Senior Vice-President of the company

Business Review - 14:29 Feb 02, 2021

Canadian real estate broker Avison Young, present on the Romanian market since 2017, announces recruiting Laurenţiu Duică, current Partner & Head of Industrial Agency within Colliers International Romania, who will join the team in March, to contribute to consolidating the company in the industrial and logistics sector from the position of Senior Vice President. […]

Tags: Lauren Duic Avison Young
Op-ed | George Trantea (Filip & Company): DAC 6 – a sort of ducks and hunters[1] game. Advice after the first round

Business Review - 14:23 Feb 02, 2021

There is a popular Romanian saying that talks about bad counting: the four Evangelists were three: Luke and Matthew? It somehow suits DAC 6 being the fifth amendment of Directive 2011/16 on administrative cooperation. We can now say that the DAC game is on: we have official instructions from the national tax agency (available here) […]
What You Should Know About Education Savings Account

Business Review - 13:14 Feb 02, 2021

Education savings accounts, or ESAs for short, allow parents to withdraw their children from charter schools or public district ones and obtain a public funds deposit for, even if restricted, numerous uses of government-authorized savings accounts. Such funds can pay online learning classes, private school tuition, fees, community college costs, private tutoring, higher education expenses, […]
Investment volumes down at EUR 588.5 million in 2020, but Romania remains on the radar of investors

Business Review - 13:06 Feb 02, 2021

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising […]

Tags: Romania
Stein & Partner continues expansion in Europe, following an upward business trend in 2020

Business Review - 12:50 Feb 02, 2021

Stein & Partner becomes a key player in the international market of Executive Search and Human Capital Advisory, by continuing its expansion in Europe. With more than 25 years of experience, the company plans to open two new offices in Ukraine and Serbia this year, as well as to focus on the performance of […]

Tags: Europe Partner Stein
Iulia Rezeanu & Petre Lungu (Rödl & Partner): Protecting confidential information while teleworking

Business Review - 12:33 Feb 02, 2021

As per the Romanian law, telework is defined as any work arrangement that allows employees to work outside of their primary worksite at an alternate location, on a regular basis, at least one day a week, pursuant to an approved Telework Agreement. By Petre Lungu & Iulia Rezeanu, Senior Associates, Rödl & Partner Currently, some current studies claim […]

Tags: Petre Lungu Iulia Rezeanu Partner
Workspace Studio reached 9 million euro in turnover in 2020

Business Review - 12:26 Feb 02, 2021

Workspace Studio, local company specialized in ergonomically oriented design solutions and an accredited sole partner of Herman Miller in Romania, ended 2020 with a turnover of 9 million euros. The financial results were influenced by the pandemic, but the context was the ideal framework for an accelerated expansion to retail. Workspace Studio has quickly adapted […]

Tags: Workspace Studio

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