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The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.



Monday, October 31, 2005
Business in Romania blog
This is one of the first days of the Connex rebranding to Vodafone in Romania.

The first vodafone package has been launched, called Vodafone Family.

The visual rebranding starts with putting the Connex and Vodafone logos together, one next to the other.



Also, the Connex website has changed, keeping the green color but incorporating the organizing and navigation style from Vodafone UK website - www.vodafone.co.uk.

I hope they will also make some better offers in order to allow me to buy a better phone :).

Posted by Mihai Botea : 10/31/2005 09:49:00 am
Business in Romania blog
Friday, October 28, 2005
Business in Romania blog
According to a study made by GFK Romania, here are some key findings about what do young Romanians want (with my comments on them between brackets):

- 25% of them want to leave Romania for good (i don't).
- 49% of them would like to leave Romania at least for one or two years for studying or working abroad (maybe, in Sweeden).

- 83% of them want their own apartment (me included)
- 81% want a good job (i got one)
- 73% want to be financially independent (fortunately, i reached this several years ago)
- 64% of them want a family (now? hmm... depends on her)

Here is how "the future sounds" according to the study:
- 76% of them think of a better future (me included)
- 74% of them think Romania joining the EU will bring moree opportunities (me included).

Looking now at what do they think is needed in order to be successful, let's see:
- self-confidence - 81% (yes, very important)
- solid education - 76% (hmm...i would bet more on things learned on the job, not in school)
- foreign languages - 72% (a must)
- own skills - 69% (they can be improved)
- professional competencies - 68% (this comes with experience)
- good looking - 38% (hahaha)
- going around the law - 23% (hmm...i wouldn't bet on this)
- be a member of a political party - 23% (which party? i don't think you should try this. better look on top of the list).

Also, I would like a car, wireless throughout the entire country, a house and a dog. And a bottle of Jack, please.

What do you think? What else do you need in order to be successful?

Posted by Mihai Botea : 10/28/2005 12:13:00 pm
Business in Romania blog
Business in Romania blog
Bucharest was introduced into the international car racing circuit, with the first FIA Grand Turismo Championship race to take place on April 23, 2006, on a course around Parliament Palace.

The Bucharest race will be the first of ten in the FIA GT championship for sports cars, with the other events including Silverstone, Magny-Cours and Bahrain.

City Hall expects to make a profit of around two million euros and the roads in the area will be repaired in order to host the race.

The course will not modify the structure of the area around Parliament Palace and the modifications will consist of building a spectator stand only.

The "Road City" circuit will have a length of 3,115 kilometers and designers of the project expect an attendance of 93,000.

It will be designed by German architect Herman Tilke, who has also designed the circuits in Sepang, Malaysia and Istanbul, Turkey, among others.

Posted by Iulia Rasoiu : 10/28/2005 10:44:00 am
Business in Romania blog
Business in Romania blog
The first issue of the Romanian Reader's Digest went on newsstands today.

It features an in-depth survey about the aspirations of Romanian youth ahead of European Union integration, an exclusive U.S. Reader's Digest report on survivors of Hurricane Katrina, and a story on the threat of avian flu, which has been identified in Romania.

The Romanian edition will have an initial print run of 150,000 copies and will target an audience aged 30-55.

Reader's Digest Association began its book publishing business in Romania in April 2004, at the time marking the company's first new-country venture in nearly a decade.

The local entity is called Editura Reader's Digest. RDA's books published in Romania so far include "Discovering the Wonders of the World," "Great Mysteries of the Past" and "Curing Everyday Ailments the Natural Way." It also has begun offering musical collections, beginning with "150 Best Loved Melodies."

Posted by Iulia Rasoiu : 10/28/2005 10:34:00 am
Business in Romania blog
Tuesday, October 25, 2005
Business in Romania blog
Quite an interesting article on Forbes about the MS Office suite, its benefits and also its potential future, looks at some of MS Office's potential competitors.

Among them, an Office suite from a company called Jaspersoft.

"Tapping free software written initially by a developer in Romania, San Francisco-based Jaspersoft claims it can give customers basic business intelligence functionality at one-tenth the cost of larger vendors."

Alsways good to read about Romanian IT good performance :)

The article can be found here.

And what is with all the recent fashion in using the "uber" word? I thought it was only among some Romanians, but now I see it in a Forbes headline. Even I find myself doing this from time to time :) What's the catch ?

Posted by Mihai Botea : 10/25/2005 11:04:00 am
Business in Romania blog
Thursday, October 20, 2005
Business in Romania blog
It seems software producer WIPRO Ltd will open a BPO facility in Romania.

"The new BPO facility will be located in Romania to expand our language capabilities for voice, transaction processing and level one and level two (L1 & L2) support services for infrastructure management," Wipro CFO Suresh C. Senapaty told IANS on Wednesday.

More details in this article.

Posted by Mihai Botea : 10/20/2005 09:50:00 am
Business in Romania blog
Monday, October 17, 2005
Business in Romania blog
ECS has taken advantage of their recent merger with PC Chips and released a very interesting and promising product. A hybrid motherboard that supports both AMD and Intel chipsets.

What do you think? Is it worth it? How much would you pay extra for having the opportunity to switch between AMD and Intel?

For a lot of technical specs and pictures, visit this link.

Posted by Mihai Botea : 10/17/2005 09:42:00 am
Business in Romania blog
Friday, October 14, 2005
Business in Romania blog
For those of you in love with Chocolate and / or Coffee, I suggest you go check out the Chocolate and Coffee days at Sofitel Hotel in Bucharest.

The show will be held between 14th - 16th of October at Sofitel Hotel.

The entry is free and you will be able to taste (and buy, maybe) some of the best chocolates and coffees in the world.

Take care, though, as you know, chocolate can make you in love :)



"Rumor has it that the Aztec ruler Montezuma drank 50 goblets of chocolate each day to enhance his sexual abilities.

Researchers have studied chocolate and found it to contain phenylethylamine and serotonin, which are both "feel good" chemicals. They occur naturally in our bodies and are released by our brains when we are happy or feeling loving or passionate. It produces a euphoric feeling, like when you're in love.
" (more here: http://health.howstuffworks.com/aphrodisiac3.htm)

Posted by Mihai Botea : 10/14/2005 09:44:00 am
Business in Romania blog
Monday, October 10, 2005
Business in Romania blog
I just received this news over e-mail and I believe it's an excelent opportunity for you. It seems Google has opened its first position in Romania and is looking for people willing to do the job.

The job is that of a Regional Representative for Romania & Bulgaria and more details can be found here:

http://www.google.com/jobs/international.html#romania.

I wish you a successful application and I really hope for some good luck for myself in this :)

Posted by Mihai Botea : 10/10/2005 08:17:00 pm
Business in Romania blog
Friday, October 07, 2005
Business in Romania blog
Some rumours were heard a couple of days ago, about Google entering the Office market by launching a free spreadsheet and word processor tool available online.

Now the rumours are confirmed and an article in The Inquirer reveals the story.

Way to go, Google !

Looking forward for the official launch.

Posted by Mihai Botea : 10/07/2005 09:23:00 am
Business in Romania blog
Wednesday, October 05, 2005
Business in Romania blog
The creators of 3D Studio Max buy the creators of Maya. For USD 182 million in cash. The story is covered by: NYTimes, GamesIntrustry and Autodesk Blogger among others.

Thanks to Eugen for the info.

Posted by Mihai Botea : 10/05/2005 01:50:00 pm
Business in Romania blog
Business in Romania blog
Germany is currently the fourth largest investor in Romania, with 12,201 German companies operating in the country, totalling EUR 1,033M underwritten capital during 1991 - July 2005, according to the National Trade Registry Office data.

The Romanian market has become a favoured target for German companies to expand to, particularly considering that Romania is close to the 2007 European Union accession date, which will turn the country into a strategic investment location in South Eastern Europe.

Investments carried out by German companies in the local market account for approx. 8.6 per cent of the total contribution to capital by international companies.

The Germans hold key positions in the Romanian industries, starting from retail, automotive component production and going on to acquisitions in the energy and financial sectors.

After companies such as HVB, Metro, RWE, Praktiker, Carpatcement, Continental opened businesses in Romania a few years ago, the Germans included, in the “Romanian acquisitions” chapter, companies Distrigaz Nord and Electrica Moldova as well, through E.ON giant.

German company officials also target Electrica Muntenia Sud, as well as other companies.

I hope they are going to "invest" in an Oktoberfest soon. :)

Posted by Mihai Botea : 10/05/2005 10:48:00 am
Business in Romania blog
Tuesday, October 04, 2005
Business in Romania blog
You probably know already about the heavy rains that affected Romania this year... there are and have been a lot of interviews, shows on TV and radio about this and so on.

I saw yesterday a very nice statistics regarding this subject. It seems that, after the recent floods, the sales for rubber boots, raincoats, digging tools and so on have doubled or tripled in some cases. But the sales of insurance policies are pretty constant.

Are the romanians not educated about the possible benefits of an insurance? Is there not enough promotion to this topics? Or are we just reacting and we are not good at being proactive?

Posted by Mihai Botea : 10/04/2005 12:54:00 pm
Business in Romania blog
Business in Romania blog


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