Download PDF: Business Review Magazine April 2024 Issue

The April 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Caring for People and for the Planet”. To download the magazine in digital format fill out this form and we’ll make sure to send you a PDF copy.

Editorial: A smooth transition to a bold goal

By Anda Sebesi, Editor-in-Chief, Business Review Magazine

“The national energy system, made up of oil, gas, and electricity, is vital to 21st century life. Unfortunately, it is also the system that causes the most environmental problems, including global warming, which is why the decision has been taken to replace polluting resources, i.e., fossil fuels, with renewable and environmentally friendly resources in the long term. But this is easier said than done. For this reason, we’ve dedicated this month main story to an in-depth analysis of the local energy industry, covering three main topics: fossil fuels, electricity, and green energy.

We cannot maintain modern living standards without fossil fuels, and replacing them entirely seems impossible at the moment, even as clear targets have been set at the EU and global level. Diesel consumption, for example, is driven by freight transport, both road and sea, and we won’t see electric engines capable of replacing diesel propulsion and being as efficient anytime soon. Natural gas remains the main heating fuel in Europe and the world, and replacing all gas-fired power plants won’t be easy, especially as it will be met with reluctance from end consumers. The same goes for industry, where many manufacturing sectors depend on natural gas.

The European Green Deal calls for climate neutrality by 2050, which means no more fossil fuels, at least in large urban areas. The 2050 target is very ambitious, especially as we still have no viable alternative to high-powered diesel engines. Moreover, the question arises as to whether it is still necessary to invest in new production areas, such as offshore exploitation in the Black Sea, if we will no longer be using natural gas in as little as 25 years.”

In this issue:

• Who’s news:
  • Andreas Burgholzer has been announced as the new General Manager of Porsche Romania.
  • Alin Chitu was recruited for the position of Tax Partner by Deloitte Romania.
  • Marcin Golebiewski takes over as head of the Central Europe Country Cluster at UPS.
  • Alexandra Mehedintu has been appointed as the new head of the Romania branch at Atradius.
  • Iulia Surugiu is the new CEO of SII Romania.
• Romanians in Spain send back money, expertise, and healthy attitudes
• BRD and IFC boost sustainable finance in Romania with inaugural transaction
• Implementing ESG principles in office buildings raises costs for developers and tenants
• Caring for People and for the Planet
• Romania’s Energy System: From Oil, Gas, And Coal To Solar, Wind, And Biofuels
• Bucharest startup scene maintains positive outlook as economy grows
• Romania has the talent and innovative spirit to grow the next unicorn
• Mid-range smartphones dominate global phone market
• Riding the impactainment wave
• The power of consumer promotions in 2024
• Romania’s spot at Biennale di Venezia: What Work Is by Serban Savu
• Celebrating 30 years of the International Shakespeare Festival in Craiova

EDITOR-IN-CHIEF: Anda Sebesi | JOURNALISTS: Aurel Dragan, Mihai Cristea, Miruna Macsim, Romanita Oprea, Oana Vasiliu

CONTRIBUTOR: Ovidiu Posirca

COPY EDITOR: Anca Alexe | PHOTO EDITOR: Mihai Constantineanu | PHOTOS: Dreamstime.com | ART DIRECTOR: Raluca Dumitru

PUBLISHER: Bloc-Notes Media Network ADDRESS: 82-98 Calea Grivitei, 1st floor, Hotspot Workhub, District 1, Bucharest, Romania

SALES & MARKETING MANAGER: Luiza Luca

PRODUCTION: Dan Mitroi | DISTRIBUTION: Eugen Musat

EXECUTIVE DIRECTOR: George Moise | GENERAL MANAGER: Catalin Alistari | USA MANAGER: Oana Molodoi | FOUNDING EDITOR: Bill Avery