Ro entrepreneurs
Peter Barta: Romanian entrepreneurs think they know it all, have hard time learning from mistakes
Romanian entrepreneurs usually think they know everything before starting a business, but they lack the entrepreneurial education and culture, even though they are good in their areas of expertise. The Romanian business scene is not a level playing field for Romanians and foreigners, as the latter get better adjusted to local realities and adapt. Learning [...]
Five RO entrepreneurs a week: Zebra Pay, Librarium, Papa La Soni, Maria Lucia Hohan, Pomello
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. This week we chose five entrepreneurs who inspired us. Radu Ciorbea, Zebra Pay Radu Ciorbea, born in the Republic of Moldova, started Zebra Pay in [...]
Five RO entrepreneurs a week: Fredo & Pid’jin, Sabion, Spring Media Production, Your fun casino, Aventura Card
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. This week we chose five entrepreneurial ventures – not just five entrepreneurs that inspired us. Eugen Erhan and Tudor Muscalu – Fredo & Pid’jin Eugen [...]
Five Ro entrepreneurs a week: The Forest Book, FruitBox, Barca raw restaurant, Poarta-ma!, Moara de hartie
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. This week we chose five entrepreneurial ventures – not just five entrepreneurs that inspired us. The Forest Book- Mihaela Argesanu has had the publishing house [...]
Five RO entrepreneurs a week: Cosul de legume, We Get There, Flairbuilder, Appscend, Pixie Shoes
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. This week we chose five entrepreneurial ventures – not just five entrepreneurs. Andrei and his wife Alexandra started ‘Cosul de legume’ ( the vegetable basket) [...]
Five RO entrepreneurs a week: Summify, Societe Gourmet, Life after Work, Bacania Veche, Atra Doftana
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. This week we choose five entrepreneurial ventures – not just five entrepreneurs. Feel free to get in touch with us at editor@romania-insider.com to let us [...]
Banca Transilvania’s ‘Romanian Entrepreneurs Club’ takes EU funding for EUR 1.5 mln project
The ‘Romanian Entrepreneurs Club’ (CIR), founded by Banca Transilvania, used European funds to further support the development of the entrepreneurship and managerial skills of those who coordinate SMEs, as well as employees’ professional development. The project, called ‘Managerial skills in poles of growth, development and entrepreneurship for the future in poles of competitiveness’ will include 150 training sessions, [...]
Romanian entrepreneurs team up for VentureConnect Foundation
Several Romanian entrepreneurs and a local law firms have started a foundation meant to help Romanian IT and online startups. The VentureConnect Foundation was set up by Ana Maria Andronic, Daniel Visoiu, Marius Ghenea, Radu Georgescu, Orlando Nicoara, Peter Barta si Dragos Roua (more about them further down the article). Venture Connect was initially created by [...]
IFC lends EUR 22.5 mln to Garanti Bank in Romania to finance women entrepreneurs
The International Finance Corporation (IFC) will loan Garanti Bank Romania EUR 22.5 million to help finance small and medium businesses in Romania, especially those owned or managed by women entrepreneurs. This is IFC’s first loan specifically designed to help enterprises run by women in Eastern Europe. Garanti Bank Romania has also recently developed a special [...]
Leo Burnett Romania founder Stefan Iordache invests in affiliate marketing platform 2parale.ro
Romanian investor Stefan Iordache (in picture), the co-founder of the Leo Burnett communications group in Romania, took over a 40 percent share package in affiliate marketing website 2parale.ro. Previous shareholder Daniel Enache sold his package in the company, while Daniel Boerescu and Radu Spineanu, the two other shareholders kept control of the project, with 60 [...]
Romanian lawyer leaves NNDKP to turn entrepreneur with tax and regulatory boutique law firm
Romanian lawyer Madalin Niculeasa, former partner with local law firm NNDKP, left to create his own law firm specializing in taxation and regulatory issues, under the name Niculeasa Tax & Regulatory. He plans to invest around EUR 300,000 in the business over the next two years. The law firm will have 10 lawyers maximum and expects [...]
Romanian company The Group partners American communication group Omnicom
Romanian advertising and communication company The Group, owned by Romanian entrepreneurs Zoltan Szigeti and Mihaela Nicola merged with American Omnicom’s subsidiary in the country. The Group will become a shareholder in OMD and Phd, Omnicom’s media buying agencies in Romania. The two Romanians created The Group seven years ago. It includes 18 media agencies, in [...]
Five RO entrepreneurs a week: eRepublik, Trilulilu, Metropotam, Carturesti, Bernschutz founders
Romania’s entrepreneurs are no strangers to success at home and abroad. Every week we’ll round up five local business pioneers to get the low down on them and their businesses. Feel free to get in touch with us at editor@romania-insider.com to let us know about new businesses and exciting entrepreneurs with a story to share. [...]
Romania ranks among modest innovators in recent European study
Romania, Lithuania, Bulgaria and Latvia are among the modest innovators in the European Union, found a recent innovation performance report issued by the European Commission. Sweden, Denmark, Germany and Finland and the innovation leaders in EU27, according to the Innovation Union Scoreboard. However, countries like Bulgaria, Estonia, Romania, Portugal and Slovenia are the growth leaders [...]
Romanian business angel Ghenea sees 28% growth in IT&C retail business
FIT Distribution, an investment of Romanian serial entrepreneur Marius Ghenea (in picture), posted growth in its business last year, when the market witnessed numerous product launches, as well as challenges due to the Thailand floods. Ghenea’s online IT&C and retail businesses PC Garage, Garage Mall, PC Fun and ElectroFun together posted a turnover of EUR [...]
Romania ranks second in the EU for entrepreneurial intentions in 2011
Romania ranks second in the EU for entrepreneurial intentions in 2011, with 24.7 points, according to the Global Entrepreneurship Monitor (GEM) 2011 report. Latvia ranks first with 24.8 points. Romania is followed by Poland, Slovakia, Hungary, Latvia, and Croatia. For perceived opportunities to open a business, Sweden, Norway and Finland reported the highest scores among [...]
Twitter acquires Romanian start up Summify from former Google and Microsoft interns
Romanian start up Summify was bought by internet giant Twitter. Summify announced the move via their blog and their team will be moving to San Francisco to work from the Twitter offices. The team of Romanians is currently located in Vancouver, Canada, where the local start up moved two years ago to join Boot up [...]
New companies to start up within 3 days in Romania, says PM
The Romanian Government will reduce the set up time for new companies to a maximum of three days, the Prime Minister Emil Boc recently said. Also, Romania’s Government will provide additional funding for young entrepreneurs, provide state aid to companies that create jobs and set up a mediation institution for small and medium enterprises (SMEs) [...]
Doug Richard, School for Startups: Romanian entrepreneurs no more burdened than anywhere else
Romanian entrepreneurs complain about various local impediments to running a successful business in Romania, but in fact they’re no different than those faced by entrepreneurs in other countries, says Doug Richard, investor and serial entrepreneur, founder of the School for Startups, in an interview for Romania-Insider.com. More importantly, the outsiders’ perception of Romanian startups does [...]
Study: Half Romania’s entrepreneurs expect economy drop and slim chances of profit in 2012
Nearly half of Romanian entrepreneurs expect a drop in the Romanian economy in 2012, while 38 percent believe it will stagnate, found a study issued by the National Employers Union in Romania. Only 12 percent of Romanian entrepreneurs envisage economic revival for 2012. Moreover, 31 percent of managers will take into account insolvency or activity [...]
Ethnic entrepreneurship in Romania: Turkish business development
Romania, which displays an ethnic minority diversity, can offer a real and sustainable model of multicultural co-existence. Turkish entrepreneurs were part of an early wave of entrepreneurs in post-communist Romania, and may have played an important part in shaping business in the country. By Irina Budrina There is a long history of Romanian and Turkish [...]
Romania offers young entrepreneurs start-up aid through EUR 4.9 mln program
Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR 10,000 of the value of their planned business. The program was allotted a budget of EUR 4.9 million this year.
Local law firm launches online investors-IT entrepreneurs meeting place
Romanian law firm Biris Goran has launched an online venture meant to connect investors with local entrepreneurs from the IT/online business segment, the firm has announced. The project, called VentureConnect, aims at allowing the interaction between investors and those entrepreneurs who need more than EUR 100,000 to invest in their business. VentureConnect will also organize [...]
Balkan Accession Fund buys into Noriel toys business
Axxess Capital, the investment management company of Balkan Accession Fund (BAF), has placed EUR 7 million in local toys and games distributor Noriel, taking over 40 percent of the company’s shares, the company has announced. Axxess Capital’s managing director is Horia Manda. Noriel was set up 17 years ago by local entrepreneurs George and Mirela [...]
Romania strikes gold, silver and bronze at European Gymnastics Championship, wins title after four years 
‘Magic mentalist’ wins ‘Romania’s got talent’ competition after flat-lining during live show 
Three trams collide, derail in Bucharest accident, at least 86 injured 
‘The Avengers’ epic movie almost covers production costs with first week-end box office revenues 
Athletic Bilbao files official complaint over Bucharest airport delays after Europa League final 
Wajiha Haris, Scheherazade Foundation president: “No” is never an option 
Romania’s Education Minister accused of having plagiarized three international research papers 
German STEAG buys wind farm from Romanian Monsson, plans EUR 200 mln investments 
Romanian actor Serban Ionescu left bed bound after catching Lyme’s disease from tick bite 
S Immo to put EUR 66 mln into The Mark – Bucharest office building with intelligent facade
