Advice

Housing for expats in Bucharest – what are the options?

Housing for expats in Bucharest – what are the options?

First timers to the Romanian capital city should know that there are certain areas in Bucharest more likely to cater to their taste and that the traffic in the city will diminish the number of suitable offers. If you’re looking at housing offers on your own, below are a few ideas to get you started [...]

Advertising campaigns in Romania – what does work for the Romanian public?

Advertising campaigns in Romania – what does work for the Romanian public?

There is no universal strategy, each advertising strategy needs to be tailored to the customers and companies. But there are a few features which can be used as a starting point for an advertising strategy targeting Romanian customers. Guest post by Nicu Stăncescu, New Business Director Friends Advertising This topic reminds me of one of [...]

How to motivate Romanian sales people (to achieve!)

How to motivate Romanian sales people (to achieve!)

I started my career in business as a salesman. Fifteen years later, I find myself doing the same thing. Selling. Do I sell better? I don’t think so, I’ve always been in the top three of my teams. Did I learn something? A lot. Process, techniques, psychology, strategy. Do I make more money? Yes, because [...]

Public procurement in Romania – how does it work, what to expect from the procedures

Public procurement in Romania – how does it work, what to expect from the procedures

Public contracts have always allured private companies. Given the economic crisis, these contracts have become the only means to survive for companies in certain areas, such as constructions. The competition is harsh, the fight for public money is thud, while the rate of disputes has skyrocketed, courts became overwhelmed and projects got delayed sine die. [...]

Re-organizing activity – how to deal with layoffs and dissolving jobs

Re-organizing activity – how to deal with layoffs and dissolving jobs

Once in a while, firms might need to make the dreadful decision of shrinking their activity and laying off their staff through dissolving jobs. These are more likely to happen during tough economic times like these, although layoffs are not restricted to these periods. Since they deal with sensitive issues, they should be handled with [...]

Managing and motivating your Romanian employees – how to run your local team smoothly

Managing and motivating your Romanian employees – how to run your local team smoothly

The employment market in Romania has had some interesting trends starting with 2007. Understanding some of these trends can help in better understanding the psychology of the Romanian employee and potentially make the relationship with them smoother. See how you can improve your relationship with your Romanian employees. A guest post by Matilda Crossman, general [...]

The insolvency procedure in Romania – how does it work, what does it entail

The insolvency procedure in Romania – how does it work, what does it entail

Insolvency is often mistaken for bankruptcy, but in fact the insolvency procedure is a safe net which allows the company to get back on track with due payments while better structuring its business. It may eventually lead to bankruptcy, but only under certain conditions. See what you should expect from the insolvency procedure in Romania [...]

The first steps to setting up a SRL company in Romania

The first steps to setting up a SRL company in Romania

Setting up a SRL-type of company (Societate cu Raspundere Limitata – Limited Liability Company) in Romania is the easiest choice you could make to start your business in the country, but in fact the entire process is not a really easy one. However, it can be done fairly fast if you know what to expect. [...]

Visa and residence permit application process

Visa and residence permit application process

Getting your visa for Romania – either your entry visa in the country, if that applies, or your long-term visa, if you spend a longer time in the country, and going further to your work permit and residence permit may be a hassle-full experience to go through alone. You will need to find information on [...]

Five tips for choosing the best office space for your business in Romania

Five tips for choosing the best office space for your business in Romania

The more offers for office space you receive, the harder it gets to make a decision. You tend to look at how much it costs and how many sqm you are being offered. But you should be more thorough than this and try to organize the flow of information so you can compare apples with [...]

Negotiate for a lower price on a house you’ve already downpaid

Negotiate for a lower price on a house you’ve already downpaid

What to do when you’ve signed a pre-contract and placed a down payment for an apartment or villa which was on paper at the time, but while construction works went on, you realized the market went down and you actually think you could get a better price? It’s not en easy situation – not for [...]

How to choose the right executive search partner

How to choose the right executive search partner

Companies looking to hire executives for their organisation are faced with a challenging task in determining which recruiting firm to engage, as executive search is basically non-existing in Romania. It is a fact that hiring a wrong executive is a costly affair, estimated to be between 3 to 5 times of the executive’s salary. And [...]