In Brief
Cosmote expands business services portfolio
Cosmote Romania has expanded its business products and services portfolio with the new MVPN Budget Control web application. Company officials said the new application, which is integrated on the WebCare portal, had been created to provide higher flexibility to companies using Cosmote’s services. “The new MVPN Budget Control service was specially created to provide an efficient product, best fit to our corporate customers’ need of optimizing their communication budgets in the context of a challenging environment. We also want to offer them the best cost control tool, both flexible and user friendly”, said Isabela Furtuna, Manager Postpaid Market Development and Retail International Offering, Cosmote Romania.
Created to facilitate the customers’ access to their telephone fleet and their communication traffic, the MVPN Budget Control application offers multiple options to its users: personalization of telephone numbers, call screening profile modification, creation of share groups, monthly credit allocation, monthly minutes allocation, minutes transfer between numbers, credit modification for the current moth, real time info cost visualization and consumption reports.
At the end of March the company had a total of 7.2 million customers in Romania.
Athenee Palace Hilton invests in renovation works
Athenee Palace Hilton Bucharest has announced the completion of renovation works at Roberto’s on La Strada terrace and plans to start the refurbishment of its public areas on the hotel’s ground floor. Officials with the hotel said the restaurants Brasserie and Le Bistrot, hotel lobby and Le Collonnade will undergo a facelift in different stages between June and August 2010. Roberto’s restaurant will follow towards the end of 2010.
Ana Hotels, the company that owns the hotel, will invest a total of two million Euro in upgrading the hotel. “We are extremely thrilled about the investment, as it will strongly support the hotel’s positioning as the leading deluxe hotel in Bucharest and will be true to the legacy of the hotel over the last almost one hundred years,” said Friedrich W. Niemann, General Manager of hotel. “The repositioning of the hotel’s restaurants, with more fashionable concepts, matching the modern classic interior design, will offer Bucharest residents and their guests exciting alternatives to enjoy Hilton hospitality in Bucharest,” he added. The hotel will remain fully operational during the refurbishment and guests can choose between Roberto’s restaurant, Roberto’s on La Strada, the English Bar as well as Le Collonnade. The Brasserie restaurant will be closed and be converted into a luxurious retail shop until the end of 2010 and Le Bistrot restaurant will reopen with a new concept in August 2010.
Investments in information
security are on the rise
Following last year’s widespread cost-cutting initiatives due to the global economic downturn, technology, media and telecommunications (TMT) organizations are starting to re-invest in information security, in anticipation of an economic recovery. According to a new Deloitte report, Bounce Back: 2010 Global Security Survey, 10 per cent TMT organizations increased their information security budget by more than 10% over the last 12 months, while more than one-third (36 per cent) increased their budgets up to 10 per cent. There was also a considerable decline in the proportion of organizations reducing their information security budget, which dropped from 32 per cent in 2009, to 23 per cent this year. The question is whether these budget increases will make up for the ground lost during the economic downturn.
Referring to the situation in the Romanian market, Andrei Ionescu, Enterprise Risk Services Senior Manager, Deloitte Romania, said: “Romanian TMT companies have also reduced their security budgets last year, and made no significant investments plans, as they were trying to soften the shock of dropping revenues and profits and – in some cases – struggling to keep businesses going and not closing down shop. Most companies agree that information security is paramount to their business and are aware that insufficient security budgets are a major barrier in successfully dealing with external risk factors. Sooner or later, companies will have to reconsider these budgets, because virtual danger is real and it’s getting stronger day by day.” He added: “Most Romanian companies take information security seriously, and information security executives report quarterly to senior and executive management.”
EIB focuses on supporting the EU economy
The Board of Governors of the European Investment Bank (EIB) has agreed to focus lending activity in 2010 on those projects that are likely to have greatest impact on economic recovery and jobs. Larger EU corporations are experiencing an improvement in their access to capital markets and funding and are not expected to make as much use of EIB finance as they did in 2009. Small and medium-sized enterprises (SMEs) access to finance however remains difficult and will remain a priority for the EIB in 2010. EIB Governors also encouraged the Bank to continue its policy of meeting market gaps by increasing the ceiling for Special Activities, from 6.35 billion Euro achieved in 2009 to eight billion Euro. The overall lending target for 2010 was set at 66 billion Euro.
”With a lending target of 66 billion Euro, the EIB is on track to achieve the additional 50 billion Euro economic support package it pledged to deliver in 2009 and 2010,“ said EIB President Philippe Maystadt.
Cosmote Romania has expanded its business products and services portfolio with the new MVPN Budget Control web application. Company officials said the new application, which is integrated on the WebCare portal, had been created to provide higher flexibility to companies using Cosmote’s services. “The new MVPN Budget Control service was specially created to provide an efficient product, best fit to our corporate customers’ need of optimizing their communication budgets in the context of a challenging environment. We also want to offer them the best cost control tool, both flexible and user friendly”, said Isabela Furtuna, Manager Postpaid Market Development and Retail International Offering, Cosmote Romania.
Created to facilitate the customers’ access to their telephone fleet and their communication traffic, the MVPN Budget Control application offers multiple options to its users: personalization of telephone numbers, call screening profile modification, creation of share groups, monthly credit allocation, monthly minutes allocation, minutes transfer between numbers, credit modification for the current moth, real time info cost visualization and consumption reports.
At the end of March the company had a total of 7.2 million customers in Romania.
Athenee Palace Hilton invests in renovation works
Athenee Palace Hilton Bucharest has announced the completion of renovation works at Roberto’s on La Strada terrace and plans to start the refurbishment of its public areas on the hotel’s ground floor. Officials with the hotel said the restaurants Brasserie and Le Bistrot, hotel lobby and Le Collonnade will undergo a facelift in different stages between June and August 2010. Roberto’s restaurant will follow towards the end of 2010.
Ana Hotels, the company that owns the hotel, will invest a total of two million Euro in upgrading the hotel. “We are extremely thrilled about the investment, as it will strongly support the hotel’s positioning as the leading deluxe hotel in Bucharest and will be true to the legacy of the hotel over the last almost one hundred years,” said Friedrich W. Niemann, General Manager of hotel. “The repositioning of the hotel’s restaurants, with more fashionable concepts, matching the modern classic interior design, will offer Bucharest residents and their guests exciting alternatives to enjoy Hilton hospitality in Bucharest,” he added. The hotel will remain fully operational during the refurbishment and guests can choose between Roberto’s restaurant, Roberto’s on La Strada, the English Bar as well as Le Collonnade. The Brasserie restaurant will be closed and be converted into a luxurious retail shop until the end of 2010 and Le Bistrot restaurant will reopen with a new concept in August 2010.
Investments in information
security are on the rise
Following last year’s widespread cost-cutting initiatives due to the global economic downturn, technology, media and telecommunications (TMT) organizations are starting to re-invest in information security, in anticipation of an economic recovery. According to a new Deloitte report, Bounce Back: 2010 Global Security Survey, 10 per cent TMT organizations increased their information security budget by more than 10% over the last 12 months, while more than one-third (36 per cent) increased their budgets up to 10 per cent. There was also a considerable decline in the proportion of organizations reducing their information security budget, which dropped from 32 per cent in 2009, to 23 per cent this year. The question is whether these budget increases will make up for the ground lost during the economic downturn.
Referring to the situation in the Romanian market, Andrei Ionescu, Enterprise Risk Services Senior Manager, Deloitte Romania, said: “Romanian TMT companies have also reduced their security budgets last year, and made no significant investments plans, as they were trying to soften the shock of dropping revenues and profits and – in some cases – struggling to keep businesses going and not closing down shop. Most companies agree that information security is paramount to their business and are aware that insufficient security budgets are a major barrier in successfully dealing with external risk factors. Sooner or later, companies will have to reconsider these budgets, because virtual danger is real and it’s getting stronger day by day.” He added: “Most Romanian companies take information security seriously, and information security executives report quarterly to senior and executive management.”
EIB focuses on supporting the EU economy
The Board of Governors of the European Investment Bank (EIB) has agreed to focus lending activity in 2010 on those projects that are likely to have greatest impact on economic recovery and jobs. Larger EU corporations are experiencing an improvement in their access to capital markets and funding and are not expected to make as much use of EIB finance as they did in 2009. Small and medium-sized enterprises (SMEs) access to finance however remains difficult and will remain a priority for the EIB in 2010. EIB Governors also encouraged the Bank to continue its policy of meeting market gaps by increasing the ceiling for Special Activities, from 6.35 billion Euro achieved in 2009 to eight billion Euro. The overall lending target for 2010 was set at 66 billion Euro.
”With a lending target of 66 billion Euro, the EIB is on track to achieve the additional 50 billion Euro economic support package it pledged to deliver in 2009 and 2010,“ said EIB President Philippe Maystadt.
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