BAM Events
Despite difficult economic conditions, Austrian companies have continued investing in Romania. The total volume of Austrian investments in Romania amounts to 9.4 billion Euro, the number of Austrian-owned companies registered here exceeds 6,000 and they employ some 100,000 people combined. At the same time, the bilateral trade amounts to around three billion Euro.
In this context, representatives of major Austrian-owned companies and banks got together at Business Arena's annual Austria - Romania Business Roundtable Conference and Awards earlier this week. In the presence of Rudolf Lukavsky, Commercial Counselor with the Austrian Embassy, investors, entrepreneurs and bankers discussed the latest developments in business, new opportunities and challenges, and voiced their views on future economic development here.
The event ended with an award ceremony to recognize the outstanding achievements of Austrian-owned companies and banks.
More Greek businesses are expected to come and test the waters in Romania, as they are looking for ways to offset the troubled economic prospects at home. Displaying a largely upbeat tone during Business Arena's recent Greece - Romania Roundtable Conference and Awards 2012, the representatives of the Greek business community agreed that Romania still offered good development opportunities. This annual event was hosted by the Ramada Plaza Hotel and was organized with the support of the Embassy of Greece in Romania and in partnership with Cosmote Romania and Coca Cola Romania. The event ended with an award ceremony to recognize the outstanding achievements of Greek-owned companies and banks. Emphasizing that Greek business people continue to develop their operations in Romania unobstructed by the economic situation at home, Greek Ambassador Georgios Poukamisas told the participants that both Romania and Greece had been called to make great efforts and take difficult decisions towards fiscal consolidation and reforms.
At a time of great economic turmoil in Europe, German investors continue to find good business opportunities in Romania in spite of its poor transport infrastructure, bureaucracy and high corruption level. With investments of around 4.5 billion Euro and over 18,000 companies registered here, Germany is Romania's largest trading partner. In the first six months of 2011, Romania's exports to Germany amounted to nearly 4.1 billion Euro, while its imports from Germany stood at some 4.4 billion Euro.
Banking and financial industry leaders and experts, insurers, investment funds and lenders have seen their 2011 efforts and successes recognized at the 11th edition of Business Arena's Financial Leaders' Hall of Fame gala. Organized in partnership with Stulz-Planaqua, Jacobi & Partner, Corporate Baskets, Avis, World Class, Corcova Roy & Damboviceanu, and Crowne Plaza, the event celebrated the achievements, innovation and excellence at the end of an economically challenging year.
At a time of great economic turmoil in Europe, German investors continue to find good business opportunities in Romania in spite of its poor transport infrastructure, bureaucracy and high corruption level. With investments of around 4.5 billion Euro and over 18,000 companies registered here, Germany is Romania's largest trading partner. In the first six months of 2011, Romania's exports to Germany amounted to nearly 4.1 billion Euro, while its imports from Germany stood at some 4.4 billion Euro.
In the presence of over 180 guests, Business Arena Magazine recognized the talent, determination and overall success of women in business and in the workplace at this year's edition of the Most Admired Business Women Awards Gala. The event was organized in partnership with World Class Romania, Tiriac Imobiliare, L'Oreal and Trainart was hosted by the Crowne Plaza Hotel in Bucharest. More details about the event will follow shortly.
In the presence of over 180 guests, Business Arena Magazine recognized the talent, determination and overall success of women in business and in the workplace at this year's edition of the Most Admired Business Women Awards Gala.
The event was organized in partnership with World Class Romania, Tiriac Imobiliare, L'Oreal and Trainart was hosted by the Crowne Plaza Hotel in Bucharest.
More details about the event will follow shortly.
Here is the list of winners:
Most Dynamic Career Development Award -
IULIA GABRIELA NARTEA -
UPS ROMANIA;
Leading Corporate Executive Award -
MIRELA IOVU -
CEC BANK;
Most Ardent CSR Advocate Award -
ANDREEA MIHAI -
CARREFOUR ROMANIA;
Most Creative Leadership Award -
MARIANA DIACONESCU -
Asigurarea Româneasca - ASIROM VIENNA INSURANCE GROUP;
Best Entrepreneur Award -
MIRELA COLTEANU -
VICTORIA'S STREET INTERNATIONAL;
Most Creative and Innovative Approach Business Excellence Award -
TEODORA MIGDALOVICI -
MIGDALE AMARE;
Model of Excellence Award -
ANCA BIDIAN -
KIWI FINANCE;
Most Ardent Business Community Advocate Award -
LUMINITA FATU -
ASOCIATIA PARTENERILOR DIPLOMATILOR ROMANI;
Lifetime Achievement Award -
MARIANA GHEORGHE -
OMV Petrom;
Most Admired Business Woman of the Year Award -
BIBIANA DOLORES STANCIULOV -
SONIMPEX SERV COM.
With total investments in excess of nine billion Euro, the Austrian business community hopes the future brings more predictability in legislation and tax regulations in Romania. In the meantime, the participants to the recent Austria - Romania Roundtable Business Conference and Awards 2011 expressed their optimism regarding the prospects of the Romanian economy. At the end of this lively get-together, some of the companies and banks present at the event received awards for their efforts and achievements in this difficult economic context.
Austrian companies and banks continue to remain strongly committed to their development plans in Romania, representatives of major Austrian companies and banks agreed at Business Arena's Austria - Romania Roundtable Business Conference and Awards 2011 last night.
While the total volume of Austrian investment in Romania amounts to over nine billion Euro, business leaders, bankers and officials with the Austrian Embassy got together to discuss and share their views on the latest economic trends and challenges. At the end of this lively meeting, some of the companies and banks present at the event received awards for their efforts and achievements in this difficult economic context.
Emphasizing the major part that the Greek business community is playing in the Romanian economy, representatives of major Greek companies, banks and business associations agreed to the need of assuming a more prominent contribution to shaping up the local business environment. With nearly 5,000 companies registered here and employing some 22,000 people, Greek investors have so far pumped some four billion Euro into the Romanian economy, according to the Greek Ambassador, Georgios Poukamissas.
While the general economic context remains fragile this year, we at Business Arena Magazine are proud to continue our tradition and monitor the evolution of the Austrian investments here and the expansion of Austrian business expertise.
Thus we are proud to announce the special 2012 annual Austria-Romania Roundtable Business Conference and Awards where leading Austrian and Romanian diplomats, bankers and business leaders will discuss their successes and challenges and air their views on the future economic prospects in Romania. The special Austria-Romania Roundtable Business Conference and Awards offers a strong platform for greater visibility and promotion for Austrian-owned and joint-venture companies and banks currently operating here and those considering entering the Romanian market in 2012.
BANKER OF THE YEAR
Sergiu Bogdan Oprescu, Executive President,
Alpha Bank Romania
...for outstanding leadership abilities as reflected in long-term
achievements in a highly competitive sector
MOST DYNAMIC BANK
Banca Romaneasca
...for outstanding planning and strategy reflected
in its achievements within "Prima Casa" Program.
MOST DYNAMIC APPROACH
TO ENVIRONMENT-FRIENDLY
STRATEGY DEVELOPMENT
Coca-Cola HBC Romania
...recognizing superior planning and vision reflected in its outstanding
development of environment protection and CSR programs.
While both Greece and Romania are still pressing ahead with tough measures aimed at pushing their respective economies out of recession, we at Business Arena Magazine are proud to continue our tradition and monitor the evolution of Greek investment here and the expansion of Greek business expertise.
Thus we are proud to announce the special 2011 annual Greece-Romania Roundtable Business Conference and Awards at which leading Greek and Romanian diplomats, bankers and business leaders will discuss their successes and challenges and air their views on future economic development here.
This special Greece-Romania Roundtable Business Conference and Awards
offers a strong platform for greater visibility and promotion for Greek-owned and joint-venture companies and banks currently operating here and those considering entering the Romanian market in 2011.
As year 2010 is slowly coming to an end, Business Arena Magazine proudly recognized success and innovation in a challenging sector such as banking and finance. The award ceremony gala earlier this week acknowledged the efforts made by banks, investment funds, insurance companies, financial institutions and business leaders, who had found the winning strategies in spite of the economic slowdown. Nearly 100 guests from the financial and banking sectors, including heads of investment funds and representatives of major companies in Romania all took part in this prominent event hosted by the JW Marriott Bucharest Grand Hotel.
BEST BANKING STRATEGY
CEC Bank
recognizing the most active and innovative bank in financing projects through structural instruments.
RETAIL BANK OF THE YEAR
ING Bank
recognizing the strongest success in one of the most competitive financial services sectors.
INSURANCE LEADER OF THE YEAR
Boris Schneider
for outstanding leadership abilities as reflected in superior achievements in a highly competitive sector.
BEST INNOVATIVE BANKING PRODUCT
Alpha Bank Romania
illustrating strong creativity and outstanding customer service strategy, mirrored by the success of its Alpha Tax Protect product.
BANKER OF THE YEAR
Mihai Bogza
for leadership abilities reflected in designing and implementing a balanced strategy to weather the perfect storm.
CORPORATE BANK OF THE YEAR
Raiffeisen Bank
for responding better than any other bank to corporate client's needs.
FINANCIAL INVESTMENT FUND OF THE YEAR
Advent International
for the CMU and Euroclinic acquisitions this year, showing strong sector focus and continued local presence, despite adverse economic backdrop.
BANK OF THE YEAR
Banca Comerciala Romana
recognizing superior strategic planning and organization, focused on helping its customers and Romania's economic recovery, reflected in positive results in a troubled economic environment.
As year 2010 is slowly coming to an end, Business Arena Magazine proudly recognized success and innovation in a challenging sector such as banking and finance. The award ceremony gala earlier this week acknowledged the efforts made by banks, investment funds, insurance companies, financial institutions and business leaders, who had found the winning strategies in spite of the economic slowdown. Nearly 100 guests from the financial and banking sectors, including heads of investment funds and representatives of major companies in Romania all took part in this prominent event hosted by the JW Marriott Bucharest Grand Hotel.
While most Austrian investors admit to have experienced a challenging task, trying to adapt their strategies to the recent difficult economic conditions in Romania, they still emphasized their long-term commitment to this market at Business Arenaa
