Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric Company”. To download the magazine in digital format fill out this form and we’ll make sure to send you a PDF copy.

Editorial: A positive sentiment

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

“Romania’s economy has performed well in recent years, driving living standards higher and supporting convergence with OECD countries, but high inflation has put a drag on households’ purchasing power, according to the latest OECD Economic Survey of Romania. The OECD is expecting Romania’s GDP to grow by 3.1% in 2024 and 3.3% in 2025, up from 2.0% in 2023. High levels of investment will support the economy together with recovering external demand, while cost pressures on households gradually ease. Inflation has fallen from its peak of 16.8% in November 2022 during the energy crisis to 7.4% in January 2024, but underlying price pressures in the economy remain strong. Headline inflation is projected to continue declining to 5.0% in 2024 and 3.7% in 2025. Nevertheless, strengthening government finances through higher tax revenues and improving the efficiency of public spending are needed to keep public debt at manageable levels and create space for growing spending pressures, such as from population ageing and the green transition. Fiscal consolidation is also needed to decrease the budget deficit while it would also contribute to support restrictive monetary policy by reducing demand pressures at a time of high inflation.

In the meantime, according to the C-suite barometer: Outlook 2024 released recently by international audit, tax, and advisory firm Mazars, Romanian C-suite leaders were optimistic about the future of their businesses, a sentiment that remains steadfast and unwavering this year, with over 83% of them looking ahead with a positive mindset. To conclude, there is plenty of room to capitalise on the potential that the current economic context offers while remembering that the only way to ensure the success of the business environment over the long term is to adopt sustainable strategies and practices.”

In this issue:

• Who’s news:
  • Marius Cara is the new representative of the EIB Group in Romania
  • Alexandra Ristariu was appointed as Organised Trade Director at PepsiCo Romania.
  • Loredana Chitu, Dentons Partner and Head of the Capital Markets practice in Romania, has been elected to serve as a member of the Board of Governors of the Bucharest Stock Exchange
  • Cristina Butunoi was appointed to the position of Executive Director at Golin Romania
  • Roxana Monica Vilcu is the new Country Manager for Romania at 4Service Group.
• Real estate market struggling to return to pre-pandemic performance
• BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric Company
• Business Review Awards Gala 2024 celebrated excellence and innovation in Romanian business
• Deep tech investments poised to take AI startups to the next level
• EGV founder: More unicorns will be born in this part of the world
• Big Tech companies dominant in global investment portfolios
• Snackification: a trend that’s here to stay
• Dopamine packaging bringing happiness in 2024
• Inside the game: director Tudor Giurgiu unveils documentary on tennis legend Ilie Nastase
• Romania’s open-air museum: a glimpse of slow life

EDITOR-IN-CHIEF: Anda Sebesi | JOURNALISTS: Aurel Constantin, 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