Student scoops Romanian business award

A student of London Business School has been crowned Entrepreneur of the Year in Romania.

The award was given to Teofil Muresan, who is a Sloan 2012 and the founder and CEO of Electrogrup.

After being given the nod by Romanian business newspaper Ziarul Financiar, investment fund Enterprise Investors, BCR-Erste Bank, PwC and the Triple Helix Foundation, Mr Muresan revealed that courage, flexibility and teamwork were the key to his success in business.

He went on to say: "In my opinion, even if we cross a very difficult period, business owners should continue investing in human resources."

My Muresan's business empire spans many sectors, including infrastructure , telecommunications, data carrier and new media, energy, wind farms and hydroelectric power. Electrogrup had a turnover of more than 100 million euro (£80.6 million) last year.

Mr Muresan launched his business in 1997, providing professional advice in the energy infrastructure sector.