Download PDF: Business Review Magazine November 2023 Issue

The November 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mastercard On a Mission to Build an Inclusive Digital Economy”. To download the magazine in digital format fill out this form and we’ll make sure to send you a PDF copy.

Editorial: A strong foundation for emerging sectors

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

“Technology is a driver of resilient and sustainable growth for individual business, national economies, and ultimately, for us all as a global society. Digital acceleration has changed our way of life—from digital interactions of all kinds to the way we pay for goods and services. This is why we’ve dedicated this cover story to Mastercard, a company that has consistently championed digitalization on the local market, developing initiatives to increase the level of financial inclusion, support the digital economy, and encourage the adoption of new payment methods, such as enabling digital payments in public transport.

The digital payments market in Romania sees constant annual growth amid technology adoption and rapid digital transformation across all sectors. Key elements include financial education initiatives, regulatory enhancements, diversification of payment options to meet consumer demands, and the evolution of new technologies. Still, only about 70 percent of the population has a bank account and uses digital or electronic payments, so there is plenty of room for improvement in terms of Romanians’ access to financial services. According to data from the National Bank of Romania, at the end of last year there were around 20.8 million active cards, with this number constantly growing every year. Digital payments reduce friction and contribute to a healthier economy by providing consumers with a simple, fast, and secure payment method, along with convenient access to their funds. Simultaneously, they reduce the need for cash and check handling among merchants while expanding their customer bases. Digital payments also offer benefits in terms of transparency and traceability, which are advantageous for society and provide a solid foundation for emerging sectors such as e-commerce.”

In this issue:

Who’s News
- Ema Iftimie will be Globalworth’s new Managing Director
- Eszter Martin is the new Chief HR Officer of NN Romania
- Dan Crisan has been appointed as the new COO of PENNY Romania
- Alina Turcu was named as PlanRadar’s Regional Manager in Romania
- Arina Stoenica has been appointed as Cohn & Jansen Creative Network’s Client Service Director.
EIF and leading Romanian banks join forces to empower SMEs
DSV Road: 2023, the best year for import and export in agriculture in Romania
Leroy Merlin invests EUR 3.5 million in refurbishing Colosseum Shopping Park store
Rent prices growing in most Romanian cities while real estate sales defy economic pressures
Cosmin Vladimirescu, Mastercard: We Are Dedicated To Advancing Financial Inclusion and the Adoption of Electronic Payments
Elena Dinca, Mastercard: Experiential marketing allows us to deliver truly relevant customer experience
BrickLofts – a unique premium residential project providing the lifestyle tailored to your dreams
BVB CEO Adrian Tanase: The potential to multiply liquidity is enormous
Funding for local startups expected to accelerate in 2024
Stejarii Residential Club & Stejarii Collection – landmarks of luxury renting
Acknowledging the real value of an idea is crucial for advertising success
Romania’s media market achieves growth despite challenging conditions
How financing sources for companies evolved in the first 9 months of 2023
What’s next for Timisoara after its European Capital of Culture programme