Download PDF: Business Review Magazine December (II) 2023 Issue

The December (II) 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “A Visionary Leader Entrusted With Consolidating CPI’s Portfolio In Romania”. To download the magazine in digital format fill out this form and we’ll make sure to send you a PDF copy.

Editorial: Ready for a better 2024

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

“2023 has been a challenging yet fruitful year for many sectors in Romania, from banking to retail & logistics, e-commerce, and real estate. Consumer spending saw a decline after several years of sustained growth. Paradoxically, though, while sales volumes fell, their total value increased. The main cause of this was inflation, which went over 10% in the first half of the year.

Although shopping centres have had many difficulties over the last few years, especially during the pandemic, 2023 has been a turnaround year, once again demonstrating the resilience of brick-and-mortar retail. It is one of the sectors that has the biggest experience in reinventing itself, and one that has managed to get stronger in the current economic context. According to Fulga Dinu, country manager at CPI Romania—a business leader to whom we’ve dedicated this month’s cover story—business vision must be directed towards the customers and their needs, as it is essential to promote positive experiences during each phase of the customer journey.

Meanwhile, development in the logistics and sector continued, setting a new record for modern industrial premises. One piece of good news is that the online trade of goods and services in Romania is estimated to reach EUR 10 billion this year, which represents 60% of the EUR 17.6 billion total online trade in Eastern Europe.

With all the turbulence and uncertainty of 2023 behind us, all we can do is hope for 2024 to be better than we expect and for the local business environment to find ways to turn difficult situations into major opportunities!”

In this issue:

Who’s News
- Nadia Calvino has received the support of EU Finance Ministers to become the next President of the European Investment Bank starting in January 2024.
- Dan Teodosiu was appointed to the Revolut Group Board as a Non-Executive Director.
- Julien Munch has been appointed Chief Operating Officer at Carrefour France, to start in January 2024, after a three-year tenure in the Carrefour Romania team.
- Raluca Stanislav has joined Cushman & Wakefield Echinox as Head of Business Development.
- Dina Tsybulskaya has been appointed CEO at eSIM Plus, a global virtual sim provider.
Kempinski Hotels unveils plans for Chic Ski Resort in Romania
Al Dahra and Agreena announce carbon farming project on the EU’s largest arable land
Strong private sector key to Romania’s economic growth
Real estate market ending a tough 2023
A Visionary Leader Entrusted With Consolidating CPI’s Portfolio In Romania