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News from Members The 5th edition of the EY Entrepreneur Of The Year ™ competition is looking for entrepreneurs who contribute to the sustainable development of Romania

The 5th edition of the EY Entrepreneur Of The Year ™ competition is looking for entrepreneurs who contribute to the sustainable development of Romania

by EY July 9, 2020

Website www.ey.com

EY Romania launches today the new edition of EY Entrepreneur Of The Year. Now in its fifth edition, the program discovers visionary local entrepreneurs, agile leaders who innovatively address the challenges of the present and have a positive impact on communities.

The entrepreneur who will be designated the winner will represent Romania in the global competition EY World Entrepreneur Of The Year. The gala will take place in Monaco in June 2021. In the 5th edition of the local competition, in addition to the great title EY Entrepreneur Of The Year, the award for EY Emerging Entrepreneur Of The Year in Technology and the award of excellence for a successful Family Business will also be given.

Moreover, given the social and economic context we are going through, two new categories have been added:

  • Social Responsibility in the context of Covid-19
  • The most successful business transformation during the Covid-19 period

"Through the EY Entrepreneur Of The Year competition we aim to discover and recognize the merits of those who continue to innovate and create jobs, leaders who manage to overcome the difficult moments created by the pandemic crisis and who actively contribute to building a better working world. EY World Entrepreneur of the Year ™ is the only global entrepreneurship competition that rewards successful leaders around the world. This year we are at the 5th edition at national level, having at the same time a tradition of over 30 years globally ", says Bogdan Ion, Country Managing Partner, EY Romania and Moldova and Chief Operating Officer for EY Central Europe and Southeast and Central Asia Region.

The EY Entrepreneur Of The Year - Romania 2020 edition will have the following calendar:

  • Registration of candidates: July 8 - September 25, 2020
  • Interviewing candidates: September 25 - November 13, 2020
  • First and second rounds of judging: January 12, 2021 and January 26, 2021
  • National award ceremony: March 25, 2021, Bucharest
  • EY World Entrepreneur Of The Year Gala: June 2021, Monaco

The independent jury consists of 3 entrepreneurs and 2 top executives, including the winner of the previous edition, Ovidiu Șandor, Founder and CEO of Mulberry Developments (Jury President), Mihaela Bîtu, CEO of ING Bank, Rucsandra Hurezeanu, Founder and CEO of Ivatherm, Cristian Rusu, founder and CEO Casa Rusu and Fady Chreih, CEO Regina Maria.

The candidate can register alone or can be nominated, with his consent, by another person (a partner, consultant, client, supplier, employee, family member, etc.).

The eligibility conditions for the EY Entrepreneur Of The Year program are as follows: the entrepreneur must have a business that has been established for at least 3 years, have a steady income stream of at least 2 years and a minimum of 10 employees. The candidate must play an active role in the business and hold a significant part of the company's subscribed capital (minimum 20%). Romanian nationality does not condition participation in the competition, but it is important that business operations take place mostly in Romania.

In this edition, the EY Romania team will award a prize for Social Responsibility during Covid -19 to entrepreneurs who have been involved in protecting communities and an award of excellence to a family business in Romania, which will prove that it is ready for a harmonious transition to a new generation and to a sustainable business. In the previous edition, the Family Business Award was won by the Boromiz family, who lead the Boromir group.

The award for The most successful transformation of a business during the Covid-19 pandemic will be given to the business that has demonstrated flexibility and adaptability to the new realities in the business environment induced by the global health crisis, by the sponsor of the competition, LGT Bank.

For more details about the program and for registration, please access eoy.eyromania.ro.

About EY Entrepreneur Of The Year

The EY Entrepreneur Of The Year program was started by EY in 1986 in the United States. Since 1993, the competition is organized in other countries, and since 2000 the title of World Entrepreneur Of The Year is awarded. EY Entrepreneur Of The Year ™ is the only competition for entrepreneurs that is organized globally, with over 10,000 entrepreneurs from around the world being nominated for it each year. The competition takes place in 145 cities in over 60 countries, covering more than 94% of the global economy.

In Romania, the local edition of the EOY competition has reached its fifth edition. The sponsor of this year's competition is LGT Private Banking and Asset Management and the program partners are the Bucharest Stock Exchange (BVB), The Family Business Network Romania (FBN), Romanian Business Leaders (RBL) and Ziarul Financiar.

About EY Romania

EY is one of the world's leading professional services firms with 284,000 employees in more than 700 offices across 150 countries, and revenues of approx. $36.4 billion in the financial year that ended on 30 June 2019. Our network is the most integrated worldwide, and its resources help us provide our clients with services allowing them to take advantage of opportunities anywhere in the world.

With a presence in Romania ever since 1992, EY is the leading company on the market of professional services. Our more than 800 employees in Romania and Moldova provide seamless assurance, tax, transactions, and advisory services to clients ranging from multinationals to local companies.

Our offices are based in Bucharest, Cluj-Napoca, Timisoara, Iasi and Chisinau. In 2014, EY Romania joined the only global competition dedicated to entrepreneurship, EY Entrepreneur Of The Year. The winner of the national award represents Romania at the world final taking place every year in June, at Monte Carlo. The title of World Entrepreneur Of The Year is awarded in the world final. For more information, please visit: www.ey.com

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