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EU leaders approve Pillar of Social Rights for the future of work | Romania’s position in the social scoreboard 2017

European Union leaders have proclaimed the European Pillar of Social Rights at the Social Summit for fair jobs and growth that took place in Gothenburg, Sweden, on November 17. This initiative, which was first announced by the president of the European Commission, Jean-Claude Juncker, aims to prepare European for the challenges of the future labor markets.

“We have to adapt our social system in the new world of work,” said Marianne Thyssen, the European commissioner for employment, social affairs, skills and labour mobility, during a media seminar held in Gothenburg on Thursday. She added that all EU institutions and member states will subscribe to the European Pillar of Social Rights.

The pillar sets out 20 key principles and rights to support fair and well-functioning labour markets and welfare systems, according to the EC. It is designed mainly for the euro area but can be applied across the Union. In terms of wages, the document states that “workers have the right to fair wages that provide for a decent standard of living”, while on healthcare it states that “everyone has the right to timely access to affordable, preventive and curative health care of good quality.”

“We are not proposing wage regulations in the social pillars,” said Valdis Dombrovskis, vice president for the euro and social dialogue, financial stability, financial services and capital markets union. He added that the social pillar in itself is not a source of law. This means that the pillar provides only recommendations to member states on improving their social policies.

The EC states that labor market is influenced by globalization, the digital revolution, changing work patterns and demographic developments. Moreover, 70 million Europeans lack basic literacy, numeracy and digital skills, while 40 percent of employers say they can’t find people with the right skills to grow and innovate.

“In times of deep change – whether in life or in politics – it is only natural to come back to what defines you and to what holds you together. Therefore, I am glad that we could all agree on the European Pillar of Social Rights in less than half a year since the European Commission proposed it. This shared commitment is a strong demonstration of European unity,” said Juncker following the approval of the principles.

More than 8 in 10 Europeans feel that the free-market economy should go hand in hand with a high level of social protection, according to the findings of an EU barometer published earlier this week. The respondents have mentioned unemployment and social inequalities as the main challenges for the EU, alongside migration issues.

The survey further shows that reaching comparable living standards is seen as essential for the future of Europe according to more than half of the respondents.

Romania’s position in the Social Scoreboard 2017

In terms of early leavers from education and training, income inequality, living conditions and digital access, Romania is lagging behind most of the member states.

Romania comes third on early school leavers in EU

In 2016, Romania reported 18.5 percent of early leavers from education and training (out of the population aged 18-24), this being the third biggest score in the EU, behind Spain and Malta.

Romania is the second in the EU in terms of income inequality with a ratio of 7.2 between the total income received by the 20 percent of the population with the highest income to that received by the 20 percent in the lowest income bracket.

Looking at people at risk of poverty or social exclusion, Romania’s score actually worsened in 2016, with 38.8 percent of the population facing such risks. This share reached 40.4 percent in Bulgaria.

The scoreboard also mentions the issue of young people neither in employment nor in education and training (NEET). This rate stood at 17.4 percent in Romania last year – the third biggest score in the EU. The data takes into account people aged 15-24.

NEET rate in Romania at 17.4 percent

The document show that Romania’s unemployment rate is below that the in the euro zone, but the country is not doing enough to deploy labor market policies for people who want to work.

In terms of labor costs, the compensation of employees per hour worked in Romania stood at EUR 4.9 in 2016. This was the second lowest cost, just behind Bulgaria. The highest compensation rates were recorded in Luxembourg, Denmark and Belgium with EUR 43.3, EUR 38.9 and EUR 37.8, respectively.

Only 28 percent of Romanians have basic digital skills

Moving to digital access, Romania has the second poorest score in terms of the population with at least basic digital skills. The scoreboard shows that 28 percent of Romanians had basic digital skills, while the EU average was 56 percent.

 

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Sorina Bera (Allevo) to speak at BR’s Focus on Technology & Telecom | Get your invitation

Sorina Bera, CEO of Allevo, will speak during the eight Focus on Technology & Telecom Event, organized by Business Review on November 22.

She will join TRACK2 focused on Technology driven innovation for any company, looking at game-changing models reshaping their industries from within.

Bera was appointed CEO of Allevo in March 1, 2016. She joined the Allevo team at the beginning of 2003, has coordinated the services team as of 2006 and became one of the designated administrators of the company 5 years ago. Until her appointment as CEO, Bera has also been managing the relationships with Allevo’s customers and business partners.

Are you a IT&C professional interested in the latest telecom innovations? Request a free invitation for the event at events@business-review.eu

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Andreea Paun (Griffes) to speak at BR’s Focus on Technology & Telecom | Get your invitation

Andreea Paun, managing partner at Griffes, will speak during the eight Focus on Technology & Telecom Event, organized by Business Review on November 22.

She will join TRACK 3 of the event, focusing on sustainability in HR, bringing insights from the most competitive workforce market.

Paun is a skilled real estate professional with over 8 years of experience in property leasing & marketing. Her track record proves a strong understanding of tenants’ needs and commercial vision.

Real estate consultancy company Griffes brokered important transactions, such as NTT Data Romania, the software services and solutions provider, which leased this summer 4,000 sqm in Unirii View office project.

Paun said about the transaction that the choice made by NTT Data confirmed once again a trend that they anticipate for 2018 – 2020: strong employers from financial and IT&C / professional services have to be in the city centre.

Are you a IT&C professional interested in the latest telecom innovations? Request a free invitation for the event at events@business-review.eu

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Petrescu (FNGCIMM): Prima Casa program will continue every year, at least until 2021

Prima Casa program will continue every year, at least until 2021 and the banks started bringing similar loan packages, said this Friday the general director of the National Fund of Loans Guarantee for SMEs (FNGCIMM), Alexandru Petrescu.

“Last year we allocated RON 2.94 billion for this program, this year RON 2.5 billion are already finished. I think there are left around RON 113 million at a few banks but we’ll receive the reports and we can observe at the end of this month that the fund is finished. If the fund remained, it would be allocated to the banks that were the most performative. But it’s very probable that the reports show that the fund is finished,” said Petrescu.

According to him, for the next three years, the allocation will be annually RON 2 billion, following the ceiling to reach RON 1.5 billion in 2021.

„Without any discussion, there are guarantees that at least until 2021 this program will continue. It’s a strategy approved on November 29, 2016 by the Romanian Government,” said Petrescu.

He explained that since 2009, when the program was launched, there was a series of recalibrations, that were made for the benefit of those who accessed the funds, so that they can pay the installments, as a result the low default rate of 0.3 percent.

„This implied a continuous attention of the Government Administration to keep the beneficiaries’ capacity of paying the installment. The Finance Ministry, respectively those who manage the program, pays attention on the recalibration and reparameterization, so that the program to be more targeted from social point of view, so that people who need a house more than others to benefit from it and they can pay the installments. The program evolves, we respond to the market’ dynamics, the program can still change so that it can be better targeted socially and bring maximum of benefits,” added Petrescu.

According to him, banks started to bring similar real estate loans, even with similar denominations: First Apartment, First House, First Property.

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Black Friday PayU: 77,000 transactions were made in value of RON 59 mln

Romanians made 77,000 transactions on Black Friday in value of RON 59 million, according to the data published at 11 AM by the payment operator PayU Romania.

Only during the interval 7 AM-11 AM, the paid amounts via PayU reached RON 54.5 million, being registered 54,300 transactions.

Around 36 percent of the transactions were made via installments cards.

The most demanded categories of products were IT&C and fashion and the average value of a shopping basket was RON 766.

The biggest transaction registered in PayU Romania platform was RON 36,371; the transactions coming from Romania registered 97 percent, followed by France and Portugal.

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Study: Over 50 pct of the most performative Romanian entrepreneurs are in Muntenia

The most dynamic entrepreneurial companies in Muntenia were awarded at Bucharest this week at the Gala “Champions in Business”. Over 130 business people from Romania attended this year edition.

According to a study of PwC Romania for “Champions in Business”, where were analyzed the biggest 2,850 entrepreneurial companies in Romania according to the turnover from 2016, over a half of them (56 percent) develop their activity in Muntenia. The entrepreneurs in this region registered a turnover growth year-on-year by 10 percent in 2016 an a turnover per employee of RON 540,000, an year-on-year growth by 2.9 percent.

At the same time, the companies from Muntenia registered a gross profit growth rate by 13.4 percent and an evolution of the net profit of 15.2 percent. In 2016, the entrepreneurs in this region registered a gross profit/employee of RON 24,000 and an year-on-year growth rate of the gross profit/employee of 6 percent. The number of employees within these companies also registered a growth rate by 6.9 percent.

According to the analysis, the biggest entrepreneurial companies in Muntenia registered an average value of the turnover of RON 95 million in 2016, a gross profit of RON 4.3 million, net profit of RON 3.6 million, 177 employees and a gross profit rate of 4.5 percent.

In top of the activity fields in this region (according to the aggregated value of the turnover) are:  wholesale, retail, auto trade, food industry and agriculture.

Within the Gala, the Entrepreneur of the year was awarded Iulian Stanciu, shareholder and CEO of Network One Distribution.

At the category “companies with the turnover higher than EUR 15 million in the last year”, were awarded the companies City Grill Group, otter Distribution, Oscar Downstream.

 

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Silviu Neghina (Orange Romania) to speak at BR’s Focus on Technology & Telecom | Get your invitation

Siviu Neghina, IoT sales manager at Orange Romania, will speak during the eight Focus on Technology & Telecom Event, organized by Business Review on November 22.

He will joint TRACK 1 of the event, which focuses on telecom innovations.

Passionate and goal oriented leader in sales and business development with over 12 years’ worth of experience, Neghina coordinates the business sales teams of Orange in order to support digital transformation and deliver the best IoT and smart cities solutions.

Are you a IT&C professional interested in the latest cyber security innovations? Request a free invitation for the event at events@business-review.eu

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Pizza Hut opens first restaurant in Galati following investment of EUR 430,000

Pizza Hut expands the network and opens the first restaurant in Galati following an investment of EUR 430,000, reaching 22 units in Bucharest and in other cities in Romania.

The new location has a surface of 320 sqm comprising both the restaurant and the interior terrace. Also, starting the spring of 2018, Pizz Hut Galati will have an exterior terrace of 75 sqm. The restaurant is within Shopping City Galati, first floor.

„We are always in search of new opportunities of expansion for Pizza Hut as the brand is in continuous development. This time we focused on the South-Eastern part of Romania where we identified a real potential but also a high interest for Pizza Hut products,” said Monica Eftimie, chief marketing officer Pizza Hut.

Pizza Hut created thus 35 new jobs.

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Minister Petcu: Investments will be the main evaluation criteria of energy companies’ managers

Investments will be the main evaluation criteria of energy companies’ managers in the future, not the profit or the turnover, as it is now, said on Thursday the Energy minister Toma Petcu, within the hearings in Parliament commission of inquiry regarding ANRE activity.

“Unfortunately, in most of the mandate contracts of managers, the main criteria is the profitability, the turnover and the investments are the last criteria. Currently, the Energy Ministry is in the acquisition procedure of the assistance services for headhunting companies’ selection. When we have clearly established the selection criteria of managers, the main conditions and the main analysis criteria of a manager in a year, I will request to be the investments level and its accomplishment and afterwards the profit and the turnover, because we are in a paradox: we request the companies to make investments, but we set as the main criteria the profit and turnover and then any “good will” manager will try to maximize the two figures to be within the mandate contract’ parameters.”

He exemplified Hidroelectrica, one of the main energy producers in Romania, which didn’t respect the investments level in the first months of the year.

„Hidroelectrica didn’t respect the maintenance schedule at six months. The first measure that I took was to change the management, which had a mentality since the period when it was in insolvency, respectively to reduce very much the expenses with investments and maintenance and to develop very much the profit,” said Petcu.

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Adrenallina Sports PR & more to host Marketing for Health & Wellness event on November 27

Adrenallina Sports PR & more, the first agency in Romania dedicated to sports,  healthy life and wellness communication, organizes on the 27th of November the first edition of Marketing for Health & Wellness Event.

 

On this occasion the agency will also release a research study, for the first time in Romania, addressing What are the healthy life and wellness habits of the Romanian people?

The event will take place at Marshal Garden Hotel (50B Calea Dorobanti, Bucharest), starting at 9.30 AM.

The conference will offer useful information and inspirational case studies, with a creative and innovative approach, in order to help brands from the health & wellness industry to better communicate their products/ services/ projects.

The speaking panel will include representatives of the health & wellness environment, civil society representatives, communication & marketing specialists.

The audience will have Marketing, PR, strategy professionals, Business owners, General Managers, HR managers, brands from health/ wellness/ healthy lifestyle area or brands that communicate using this territory, but also health/ wellness/ healthy lifestyle enthusiasts.

 

The program of the event: http://adrenallinamedia.ro/agenda-conferinta-health/

Entries can be made here: http://adrenallinamedia.ro/inscriere-2/

The main speakers of the event are:

Cornel Caramizaru, general manager FrieslandCampina Romania

Nicoleta Scarlat, sales director Eisberg Romania

Diana Sabau, Kasta Metal pools

Dr. Victor Clatici, dermatology & anti-aging

Andrei Ciurcanu, head of Investigation, Agent Green

 

 

Adrenallina, Sports PR & more is the first PR agency dedicated to sports, healthy lifestyle & wellness communication in Romania. It offers a wide range of services in this area for companies: strategy & sports branding, corporate strategy for corporate social responsibility (CSR) projects related to sport, internal communication & motivation through sport & healthy lifestyle programs.

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