Download PDF or read online: May (I) 2023 Issue | Business Review Magazine

The May (I) 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “MedLife BVB performance highlights potential of Romania’s emerging capital market.” Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.

Editorial: The snowball effect

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

“Romania is on track to become the most important economy in the region by far, and it has numerous listed companies that have an opportunity to become regional leaders. The growth of the Bucharest Stock Exchange (BVB) has accelerated in recent years: by early 2023, there were 371 companies listed on the main and AeRO markets. Furthermore, the local capital market has attained emerging status based on the FTSE Russell. Since it was founded in 1995 with just nine listed companies, the BVB has gained visibility among investors and entrepreneurs, with more companies tapping into the capital market as a solid funding channel.

On this backdrop, we’re dedicating this month’s cover story to MedLife, a private medical services provider that could not have become the market leader had it not decided to go public, according to Mihai Marcu, the president and CEO of the 28-year-old company, which started trading on the BVB in 2016. MedLife’s successful Initial Public Offering (IPO) came after eight years of zero private listings on the stock exchange, showcasing the capacity of Romanian entrepreneurial firms to attract both domestic and foreign investors and accelerate the growth of the local private sector.

For the past seven years, MedLife has continued its rapid growth as a public company, with its turnover having grown fourfold since 2016, making it the first private medical services operator to cross the EUR 400 million turnover threshold.

Last but not least, MedLife’s listing also brought to the local market new institutional investors who specialised in the healthcare sector. According to Mihai Marcu, the model could be replicated by companies in other industries as well, and they could even attract sovereign funds such as the ones in Norway or Kuwait, which have capital allocations for different industries.”

In this issue:

• Who’s News:
  • Paolo Vivona, General Manager & CEO and Chairman of the Management Committee at Intesa Sanpaolo Bank Romania
  • Catalin Vasile, Chief Sales Officer at NN Romania
  • Natalia Chiritescu, Digital Solution Centre Director for EMEA by Stefanini Group
  • Jimmy Maymann, Deputy Chairman of the Board at Superbet Group
  • Simona Pavelescu, CEO of htss
• News in brief:
  • ROCA Investments reaches valuation of EUR 78 million five years after launch
  • Life Dental Spa invests over half a million euros in Constanta
  • Forty Management begins development of Central District Lagoon City
• Modern retail spaces maintain steady pace of development
• MedLife BVB performance highlights potential of Romania’s emerging capital market (main cover story)
• MedLife’s stock exchange journey in numbers
• De’Longhi maintains growth momentum despite market decline

• Startup investments declining, but founders should not lose faith
• Romania’s advantages over other CEE countries as an FDI destination

• Tranzy.ai startup transforming public transport with smart digital solutions
• Romania’s startup ecosystem sees limited impact from SVB failure

• Why we should recalibrate expectations around marketing
• 2023 IT trends: It’s all about smartphones, digital transformation, and cloud services

• TIFF your way to Cluj-Napoca
• RDW2023: A creative rendez-vous with the city of Bucharest

EDITOR-IN-CHIEF: Anda Sebesi | JOURNALISTS: Aurel Constantin, Mihai Cristea, Deniza Cristian, Romanita Oprea, Oana Vasiliu

CONTRIBUTORS: Ovidiu Posirca, Claudiu Vrinceanu

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 MANAGER: Roxana Suhan | 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

EMAILS: editorial@business-review.eu, sales@business-review.eu, events@business-review.eu

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