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Andrei Cionca, CEO Impetum Group: It s a great time to start from scratch in any industry – The Diplomat Bucharest

âRomanian managers, culture and managerial experience make us pessimistic about the future. Even when we saw that the recovery is faster, we are still pessimistic, even if we see a recovery in a rather optimistic V. This K shaped recovery can be influenced by government policies, depending on the sectors that are supported. It’s a great time to start from scratch in any industry,â Andrei Cionca, CEO Impetum Group said during the âPost-pandemic recovery and the road to a new economyâ debate. “First of all, we are thinking about operational restructuring, and then about a financial restructuring of these state-owned companies. We still do not have a situation of state-owned companies that have restructured. We have a clear x-ray of how private managers have restructured. 20% of managers sent people into technical unemployment, 17% of managers who operated layoffs, 14% of them reduced salaries, 55% of companies went digital, 40% Romanian managers reduced salar

Andrei cioncaImpetum group

CONFIDEX survey: The impact of the pandemic, felt more brutally in the case of small companies

Companies with a turnover of less than 100,000 Euro per year have felt more brutally the effects of the pandemic last year, half of the managers considering that their own companies are affected by Covid-19, and business decline is, in this case, of 20 percent in Q4/2020 compared to Q2/2020, according to CONFIDEX Q4 2020 results made public by Impetum Group. Moreover, the increase in turnover, estimated for 2021 as compared to 2020 is by around 5 times smaller in the case of small companies, as compared to major players (1 percent vs. 5 percent). Therefore, managers of small companies perceive more acutely the impact of the crisis generated by the pandemic and have a lower average mood indicator than those in larger companies: 4.6 versus 4.9. The difference in terms of profit decline in Q4/2020 vs. Q2/2020 is enlightening in this regard: minus 22 percent for small companies and only 12 percent for large companies. Moreover, the profit is expected to continue to fall for smaller play

Andrei cioncaImpetum group

Impetum Group: Managers expect a five percent increase in turnover this year and a recovery to the level before the pandemic in the summer of 2022 – The Diplomat Bucharest

Impetum Group: Managers expect a five percent increase in turnover this year and a recovery to the level before the pandemic in the summer of 2022 – The Diplomat Bucharest
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Andrei cioncaImpetum group

Here are the winners of the Awards Gala 2021 by The Diplomat-Bucharest!

Congratulations to all winners for their inspiring leadership, passion, and commitment of Moving the Things Forward! The Event benefited from the support of GOLD PARTNERS Wipro, Tinmar Energy, Hidroelectrica, PARTNERS Romanian Energy Council (CRE), Transgaz, Borsec, Sea On and MEDIA PARTNERS Outsourcing Today, Automotive Today, Financial Intelligence, Economistul, Romania Durabila, Club Economic, Bursa. These awards are just a symbolic recognition of all the efforts and leading resilience of companies, employees, teams, and managers shown during our common story written all along 2020. SMART CITY ADMINISTRATION – CLUJ-NAPOCA CITY HALL This first award is dedicated to a smart administration as a forefront runner in terms of smart cities in Romania. The use of European funds and the innovative ideas have been implemented for the development of a modern, “green” public space, adapted to the current technological and urban mobility realities.

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