business
The event reunited the ladies that make a difference in various domains and who have brought their contribution to the Romanian economy throughout the years.
Business Arena Magazine proudly recognized the creativity and leadership of women in the workplace and their vital contribution to the success of business and banking activities throughout Romania. Hosted by the Crowne Plaza.
We at Business Arena Magazine are proud of our pioneering role in hosting the very first such Greek conference over a decade ago and, through more than ten years of such events, to have monitored the rapid rise of Greek investment here and the expansion of Greek banking expertise.
At the end of a difficult year for the entire business community, Business Arena Magazine is proud to recognize the achievements and successes of banks, financial institutions and business leaders that found the winning strategies in spite of the economic slowdown. Financial Leaders' Hall of Fame 2009 brought together top business leaders at a special sit-down gala dinner hosted by the Crowne Plaza Hotel. Some 100 people from the financial and banking sectors, including directors of investment funds and representatives of major companies in Romania, together with representatives of the central bank, local authorities and diplomats, all took part in this prominent event.
Even though the current financial crisis has affected most economic sectors, and therefore the majority of guests at this years Halloween Charity Ball, the Ovidiu Rom Association has managed to raise 357,000 Euro, with 50 companies supporting the event financially. All the sums raised at the Charity Ball will become funds for next yeara
Following its involvement in a wide range of projects in Romania, US-based Victaulic has announced plans to expand its operations and cover many more industrial sectors. Sebastian Talabus, sales engineer Romania, said that Victaulics mechanical piping systems are used in many building projects, ranging from commercial buildings to hospitals, schools, data centers and power plants. Sun Plaza is the latest project in which Victaulic, long-time specialist in pipe-joining solutions, has been involved. Victaulica
After 36 years of experience in the tourism industry and seven years of double-managing two hotels in the Republic of Georgia, Igael Porecki, the new general manager of the JW Marriott, is determined to take up new challenges in Romania. Though he has been here for only four months, Porecki, who has Romanian roots in Iasi county, is counting on the team's support to bring the hotel's development plans across the finish line.
Steady progress is the phrase that best describes Shachar Shaine’s ten-year stint in Romania so far. Shaine is president of one of the largest beer producers in Romania, United Romanian Breweries Bereprod (URBB). Earlier this year he decided to serve the cause of investors by taking over as the new president of the Foreign Investors Council (FIC).
His company has gone from strength to strength, and the consolidation continues. “We will invest seven million Euro in developing our bottling capacity,” Shaine revealed in an exclusive interview.
After 17 years experience as a staff member inside the US Senate, Mark Gitenstein has turned a new page in his professional career by accepting the nomination as the new US Ambassador to Romania. Ambassador Gitensteina
Having already managed its way through a “crisis experience” in the Turkish and Russian markets, Credit Europe Bank has accumulated 20 million Euro in loans this year, while its total loan portfolio stood at 1.5 billion Euro in 2008. According to Omer Tetik, the bank’s executive vice president, this year’s volume of loans has decreased compared to the previous year, being “an expected effect of the crisis management.”
Romanias much-heralded economic recovery in the fourth quarter of 2009 will only be relevant for the statistics, Misu Negritoiu, general manager of ING Bank Romania, told Business Arena Magazine. As the economic decline became apparent in the fourth quarter of last year, the general hope is that the economy will slow down its decline in the last three months of the year, he said.
