Bucharest Forum 2012

About this event

The Bucharest Forum is an annual event, with the 2012 edition between 8-9 November at the Parliament Palace, which gathered over 400 foreign investors, representatives of the Romanian business sector, large corporations, small and medium-sized enterprises and high-ranking officials. The Forum brought an important contribution to the debates on economic public policy formulation in Romania and the region. At the same time, it aimed at rebuilding and strengthening the trust of domestic and foreign, private and institutional partners, in the context of the latest political events and of a shattered political climate. 

The forum's topic was Europe's Frontier Economies: Equity for a Long Term Growth and Stability Strategy for the Region and it created a relevant reflection opportunity and influential platform for regional economic agendas and ideas.

The forum overall serves as a blueprint for the expectations and needs for a functional return to sustainable growth. The end product is a Pact for the Economy, which represents a consensus between the representatives of the economic and political environments, on several jointly identified priority topics. The document comprises concrete proposals and an Action Plan proposed by the private sector to the incoming Romanian government and designed to accelerate the growth and development of the Romanian economy. 
This landmark economic event is organized by the Aspen Institute Romania, with support from AOAR - Romanian Businessmen's Association, FIC - Foreign Investors Council and AmCham - American Chamber of Commerce in Romania.

 

Speakers and moderators included Victor Ponta, Prime Minister of Romania; Mircea Geoana, President, Aspen Institute Romania, Chair of the Foreign Affairs Committee, Romanian Senate; Florin Pogonaru, Vice President of Aspen Institute Romania; President, Businessmen Association of Romania; Sorin Mîndruţescu, CEO, Oracle Romania; President, American Chamber of Commerce in Romania; Vasile Iuga, Member of the Board and Treasurer, Aspen Institute Romania, Country Managing Partner - PwC Romania, Managing Partner - PwC SEE; Florin Georgescu, Minister of Finance; Manuel Costescu, Vice President, Global Public Sector Group, JP Morgan; Sergiu Manea,Vice-president for Investment Banking, BCR Erste Bank; Vincenzo Calla, Romania Country Head & Bucharest Branch CEO, BNP Paribas Romania; Florin Ilie, Director of Equity Markets, ING Bank Romania; Dumitru Costin, President, National Union Block; Giuseppe Cangelosi, CEO, Pirelli Tyres Romania SRL; Roberto Musneci, Vice President of Aspen Institute Romania, Senior Partner, Serban and Musneci Associates; Werner Weihs-Raabl, Head of Infrastructure Finance, Erste Group; Jean Valvis, CEO, Valvis Holding; Radu Soviani, Editor, The Money Channel; Eric Stewart, President, American-Romanian Business Council;Tonny Lybek, The Resident Representative of the International Monetary Fund (IMF) in Bulgaria and Romania; Liviu Voinea, Secretary of State, Ministry of Finance; Luca D'Agnese, Country Manager, Enel Romania; Călin Popescu-Tăriceanu, Member of the Foreign Policy Committee, Chamber of Deputies; Steven van Groningen, President, Raiffeisen Bank, President, Foreign Investors Council; Bogdan Chiriţoiu, President, Competition Council; H. E. Mark Gitenstein, US Ambassador to Romania or François Lafond, Executive Director, Aspen Institute France.

Agenda

THURSDAY, NOVEMBER 8

Romanian Business Dialogue

 

08:30 - 09:00 Registration of participants and welcome coffee

09:00 - 09:30 OFFICIAL OPENING

Welcome remarks:

Mircea Geoana, President, Aspen Institute Romania, Chair of the Foreign Affairs Committee, Romanian Senate

 

Keynote Speeches:

Victor Ponta, Prime Minister of Romania

Florin Pogonaru, Vice-president, Aspen Institute Romania, President, Businessmen Association of Romania

Sorin Mîndrutescu, President, American Chamber of Commerce in Romania, Managing Director, Oracle Romania

Vasile Iuga, Member of the Board and Treasurer, Aspen Institute Romania, Country Managing Partner – PwC Romania, Managing Partner – PwC SEE

 

09:45 – 10:00 "Evolution of Major Economy Indicators. A Consumer's Perspective", Marius Luican, General Manager, Reveal Marketing Research

"Comparative Macroeconomic Indicators of Romania. November 2012", Andrei Radulescu, Senior Investment Analyst, Target Capital

 

10:00 – 10:15 COFFEE BREAK

10:15 – 11:45 PARALLEL WORKING GROUPS SESSION I

WORKING GROUP I: FINANCIAL AND FISCAL SECTOR, INVESTMENTS

 

Kick-off discussants:

Florin Georgescu, Vice Prime Minister, Minister of Public Finance  

Vincenzo Calla, Romania Country Head & Bucharest Branch CEO, BNP Paribas Romania

Sergiu Manea, Executive Vice President Treasury, Capital Markets and Group Large Corporates, Member of the Management Board, BCR

Manuel Costescu, Vice President, Global Public Sector Group, JP Morgan

Moderator:

Florin Ilie, Director, ING Bank Romania

                                       

WORKING GROUP II: LABOR PRODUCTIVITY, HUMAN RESOURCES, TALENT MANAGEMENT, EDUCATION

Kick-off discussants:

Alina Dragan, Executive Vice-president on HR, UniCredit Tiriac Bank

Giuseppe Cangelosi, CEO, Pirelli Tyres Romania SRL

Dumitru Costin, President, The National Trade Union Block (BNS)

Sebastian Metz, General Manager, The German-Romanian Chamber of Commerce and Industry

Moderator:

Bogdan Patriniche, Executive Director, Delphi Securities

 

11:45 – 12:00 COFFEE BREAK

12:00 – 13:30 PARALLEL WORKING GROUPS SESSION II

 

WORKING GROUP III: INNOVATION, INVESTMENTS IN RESEARCH AND DEVELOPMENT

Kick-off discussants:

Jihad Haidar, Vice President and Managing Director, Infineon Technologies

Octavian Buiu, Portfolio Manager, Sensors Lab Bucharest, HoneywellRomania SRL  

Andrei Pitis, President, Employers’ Association of Software Industry and Services (ANIS)

Nic Voiculescu, Managing Partner, Link Resource

Moderator:

Irina Anghel, Secretary General, South Eastern European Private Equity and VC Association (SEEPEA), Founder and CEO, Triple Helix

 

WORKING GROUP IV: INFRASTRUCTURE AND SECTORAL PRIORITIES

I.C. Bratianu Hall

 

Kick-off discussants:

Roberto Musneci, Vice President, Aspen Institute Romania, Senior Partner, Serban and Musneci Associates

Werner Weihs-Raabl, Head of Infrastructure Finance, Erste Group

Robin Martens, President, Black Sea Gateway Association

Jean Valvis, CEO, Valvis Holding

Moderator:

Radu Soviani, Editor, The Money Channel

 

13:30 – 14:30 LUNCH

14:30 – 16:00 WRITING SESSION

16:00 – 16:30 COFFEE BREAK

16:30 – 18:00 A PACT FOR THE ECONOMY

Panelists:

Valeriu Zgonea, President, Romanian Chamber of Deputies

Matei Balaita, Counselor, Ministry of Economy, Commerce and the Business Environment

Alexandra GatejBoard Member, Aspen Institute Romania, CEO, Maldon & Wat

 

 

FRIDAY, NOVEMBER 9

International Conference


09:30 - 10:00                  Registration of participants and welcome coffee

10:00 - 11:00                  INTERNATIONAL CONFERENCE OPENING

 

Welcome remarks:

Traian Basescu, President of Romania

Mugur Isarescu, Governor, National Bank of Romania

Eric Stewart, President, American – Romanian Business Council (AMRO)

 

11:00 – 11:30 COFFEE BREAK

11:30 – 13:00 SESSION 1: The European Backdrop and the Great Depression

The cost of growth - fiscal and monetary policy in the non-Euro economies of the EU.  The specter of low employment economy: investment and competitiveness in the era of high sovereign risk.

 Moderator:

Giles Merritt, Secretary General, Friends of Europe

Panelists:

Tonny Lybek, The Resident Representative of the International Monetary Fund (IMF) in Bulgaria and Romania

Lucian Cernat, Chief Economist and Trade Analysis, Trade DG, Directorate G - Trade Strategy and Analysis, Market Access, European Commission

Luca D’Agnese, President and CEO,Enel Romania

Cornel Ban, Ph.D., Assistant Professor, Department of International Relations, Boston University, Visiting Scholar in International Studies, The Watson Institute for International Studies, Brown University

Liviu Voinea, Secretary of State, Ministry of Public Finance

13:00 – 14:00 LUNCH

14:00 – 15:30 SESSION 2: A Level Playing Field for Competitiveness

The Prague declaration and the World Forum for Governance lessons for the Euro periphery; the role of EU-US and private public cooperation in achieving a competitive business environment in the region

Moderator:

Vasile Iuga, Member of the Board and Treasurer, Aspen Institute Romania, Country Managing Partner – PwC Romania, Managing Partner – PwC SEE

Panelists:

Calin Popescu-Tariceanu, Member of the Foreign Policy Committee, Chamber of Deputies

Steven van Groningen, President, Raiffeisen Bank, President, Foreign Investors Council

Daniel Barbu, Professor, Political Science Department, University of Bucharest*

Madalin Niculeasa, Coordinator Attorney, Niculeasa Law Office Litigators Tax Regulatory

Daniel Badea, Managing Partner, Clifford Chance Badea

Bogdan Chiritoiu, President, Competition Council

Cristian Ghinea, Director, Romanian Center for European Policies

15:30 – 16:00 COFFEE BREAK

16:00 – 17:30 SESSION 3: US-EU Equity in Long Term Growth Strategies in the Region

Transversal solutions and sectorial priorities (energy, infrastructure, agriculture); regional opportunities - the New Silk Road strategy and economic implications for the Black Sea and Danube region.

 

Moderator:

Andrei TarneaExecutive Director, Aspen Institute Romania

Panelists:

H. E. Mark Gitenstein, US Ambassador to Romania

François Lafond, Executive Director, Aspen Institute France

Cristian Diaconescu, Presidential Advisor

Gruia Stoica, President of Romania-Kazakhstan Business Council, President, Grampet Group

Alina Inayeh, Executive Director, German Marshall Fund, Bucharest Office

                                   

17:30 – 18:00 CLOSING REMARKS

Mircea Geoana, President, Aspen Institute Romania, Chair of the Foreign Affairs Committee, Romanian Senate

Publications

Innovation, Investments in Research and Development

Aeronautics and Air transport – Beyond Vision 2020 (Towards 2050), European Commission – The Advisory Council for Aeronautics Research in Europe, 2010

Interim Assessment of the Research PPPs in the European Economic Recovery Plan, European Commission – DG for Research and Innovation and DG for Industrial Technologies, Brussels, 2011

Vital Assets – Federal Investment in Research and Development at the Nation’s Universities and Colleges,  The RAND Corporation, 2004

ACTOR BRIEF: HIGHER EDUCATION INSTITUTES (HEIs), Organization for Economic Co-operation and Development (OECD), 2011

International mobility in higher education, Organization for Economic Co-operation and Development (OECD), 2010

ISSUE BRIEF: PUBLIC SECTOR RESEARCH FUNDING, Organization for Economic Co-operation and Development (OECD), 2011

Cluster policies, Organization for Economic Co-operation and Development (OECD), 2010

Regional innovation agencies, Organization for Economic Co-operation and Development (OECD), 2010

OECD ISSUE BRIEF: RESEARCH ORGANISATION EVALUATION, Organization for Economic Co-operation and Development (OECD), 2011

Technology incubators, Organization for Economic Co-operation and Development (OECD), 2010

National Research, Development and Innovation Strategy 2007-2013, Government of Romania, Ministry of Education and Research, 2006

The Impact of European Policy on the Development of the ERA in the Areas Relevant to Environment, IDEA Consult in collaboration with ECORYS and COWI Denmark, Brussels, 2010

A more research-intensive and integrated European Research Area – Science, Technology and Competitiveness key figures report 2008/2009, European Commission, Directorate-General for Research, 2008

New challenges, new chances: Next steps in implementing the further education reform programme, Further Education Loans, United Kingdom, Department for Business, Innovation and Skills, 2011

New challenges, new chances: Next steps in implementing the further education reform programme, Review of Informal Adult and Community Learning , United Kingdom, Department for Business, Innovation and Skills, 2011

The Future of Computer Trading in Financial Markets, The Government Office for Science, London, 2012

Infrastructure and Sectoral Priorities

Energy infrastructure – priorities for 2020 and beyond - A Blueprint for an integrated European energy network, European Commission for Energy, 2011

Energy Infrastructure priorities for 2020 and beyond, Günther OETTINGER – EU Commissioner for Energy, Brussels, 2012

EU energy in figures – statistical pocketbook, European Commission, 2012

Energy Roadmap 2050, European Commission for Energy, 2012

Priorities for Romania, the American Chamber of Commerce in Romania, 2012

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS, Energy infrastructure priorities for 2020 and beyond - A Blueprint for an integrated European energy network, Brussels, 2010

Connecting Europe – The energy infrastructure for tomorrow, European Commission, 2012

EU energy infrastructure priorities – proposal for a regulation on guidelines for the implementation of European energy infrastructure priorities  COM(2011)658, World Wide Fund for Nature, 2012

Expanding Carbon Markets through New Market-based Mechanisms – A synthesis of discussions and submissions to the UNFCCC, Andrei Marcu – Centre for European Policy Studies, 2012

Connecting Europe Facility: Commission adopts plan for €50 billion boost to European networks, EUROPEAN COMMISSION, 2011

Decline in European road freight transport in 2011 reflecting the economic climate, Eurostat, 2012

LIST OF PRE-IDENTIFIED PROJECTS ON THE CORE NETWORK IN THE FIELD OF TRANSPORT, European Commission

Connecting Europe: The new EU core transport network, European Commission, Brussels, 2011

The Commission's energy infrastructure package, European Commission, 2011

THE EU EMISSIONS TRADING SCHEME AS A DRIVER FOR FUTURE CARBON MARKETS, A CEPS TASK FORCE REPORT, 2012

Shale Gas and the EU Internal Gas Market: Beyond the hype and hysteria, Jonas Teusch – Centre for European Policy Studies, 2012

EU worried over Hungary, Romania institutions, Reuters, PARIS, Sat Sep 1, 2012

Romania asks companies to reconsider nuclear plan, Reuters, Wed Oct 17, 2012

 

 

Financial and Fiscal Sector, Investment

Regulation of European Banks and Business Models: Towards a New Paradigm?, Center for European Policy Studies, 26 June 2012

European Deposit Insurance: Financing the Transition. Center for European Policy Studies. 6th September 2012.

Proposal for a Directive of the European Parliament and of the Council Establishing a Framework for the Recovery and Resolution of Credit Institutions and Investment Firms, European Commission, 2012

Europe’s Single Supervisory Mechanism and the Long Journey Towards Banking Union, Bruegel Policy Contribution, October 2012   

Investing in Economic Growth, The Foreign Investors Council, Bucharest, October 2011

The Use of Innovative Financial Instruments for Financing EU Policies and Objectives: Implications for EU and National Budgets, Center for European Policy Studies, October 2012

 The Use of EU Instruments for Macro-Financial Stability: Implications for the EU and National Budgets, Center for European Policy Studies, September 2012

Central Banks in Times of Crisis: The FED vs. the ECB, European Parliament, June 2012.

Banking Union: A Federal Model for the European Union with Prompt Corrective Action, Center for European Policy Studies, September 2012.   

Balkan Economies: Mostly Miserable, The Economist, 19 June 2012.

Raport Asupra Stabilitatii Financiare, Banca Nationala a Romaniei, 2012.

Taxation Trends in the European Union: Data for the EU Member States, Iceland and Norway, Eurostat, The European Commission, 2012.

 

Labor Productivity, Human Resources. Talent Management and Education

Long-term Investors Focis on Jobs and Growth, The European Investmen Bank, 2012.

The Social Dimension in Selected Candidate Countries in the Balkans-Bulgaria, Romania, Croatia and Turkey: Synthesis Report, European Network of Economic Policy Research Institutes, December 2007.

Measuring Returns to Education and Human Capital in the Southern Mediterranean, Center for European Policy Studies, October 2012.

Achieving a Sustainable Recovery—What Can Labour Market Policy Contribute? OECD, 2012.

Securing EU Growth from Services, Center for European Policy Studies, October 2012.

Consultation on Implementing Employee Owner Status, UK Department for Business and Innovation Skills, October 2012.

Women’s Labour Market Performance in Europe: Trends and Shaping Factors, Center for European Policy Studies, September 2012.

Workplace Innovation and Technological Change. Center for European Policy Studies. September 2012.

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