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Phonetastic GSM, a distributor of smartphones, gadgets and various IT&C equipment, has appointed Radu Pojoga to the position of Chief Executive Officer (CEO).
Online bookstore Librex, one of the leading players on the local book market, expects a turnover of EUR2.5 million in 2021, compared with EUR1 million in 2020, relying on the growth rate of the past years and the first-half financial results.
German discounter Aldi postpones its entry into the Romanian market because it focuses on existing markets, most of which are in Western Europe, according to Ziarul Financiar sources.
CTP, the largest owner of logistics centers in Romania, accelerates its investment plan on the Romanian market and seeks to overshoot the threshold of 2 million square meters until the end of 2021.
Grand Plaza Hotel, the operator of the Sheraton Hotel in Bucharest, posted 80% decline in revenue to merely RON12 million in 2020, compared with RON61 million in 2019, Finance Ministry data show. It also posted RON4 million loss.
Romanian President Klaus Iohannis on Wednesday signed the decree appointing Dan Vilceanu to the position of finance minister.
Patria Bank (PBK.RO), a lender 83.2% held by Emerging Europe Accession Fund, posted RON6.05 million net profit in the first half, an increase of 27% on the year-ago period.
Shareholders of pharmaceutical company Zentiva (SCD.RO) on Wednesday appointed Simona Cocos to the position of Chairwoman of the company's Board of Directors, effective August 19, 2021.
FlixBus, Europe's largest intercity bus network, said it would collaborate with Transfero in Romania, a local operator on the airport transfer services segment.
iHunt Technology Import-Export (HUNT.RO) ended the first half of 2021 with a net profit of RON2.7 million, up 41.9% on the year, and a turnover of RON20.6 million, up 40% on the year, per calculations by Ziarul Financiar based on data from the company’s half-year financial report.
Irish start-up Nooka One, which offers complementary solutions to the office space market and focuses on mobility and flexibility, has installed an office in the garden of Bucharest’s ParkLake shopping mall, which consists of two work stations, high-speed internet, furniture and accessories, as well as smart sensors.
Armchair and sofa manufacturer Italsofa Romania, the local division of Italy’s Natuzzi Group, has accessed a loan of EUR5 million from EximBank which will be used to fund the company’s current operations.
The volume of transactions with commercial property in 2021– offices, industrial and logistics space, hotels –could be comparable with 2020 level of nearly EUR900 million, considering that Romania keeps its competitive advantage in Central and Eastern Europe in terms of prices of real estate asset, per an analysis by real estate consulting firm JLL.
Airline Blue Air has announced seven new holiday destinations from capital Bucharest to Dubai, Tenerife, Alicante, Palma de Mallorca, Ibiza, Split, Dubrovnik, and three new routes from Cluj to Heraklion, Zakynthos and Rhodes within the summer 2022 schedule.
The number of job vacancies reached a total 39.500 in the second quarter 2021, increasing by 1.100 compared with the previous quarter, data from Romania’s statistics board INS showed Wednesday.
Romanians contracted new mortgage loans in lei worth over RON1.8 billion in June 2021, double compared with June 2020, which translates into a monthly record high of new mortgage lending in lei over the last 14 years.
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported gross underwritings of EUR266.4 million on the local market in the first half of 2021, up 16.3% on the year, VIG said in its half-year earnings report released Wednesday.
Electrica (EL.RO), a supplier and distributor of electricity, whose largest shareholder is the Energy Ministry (48.8%) posted RON76 million consolidated net profit, 59.8% lower than in the year-ago period, mainly because of the significant rise in the cost of electricity purchased for supply, the half-year report submitted to the Bucharest Stock Exchange on Tuesday evening says.
Atenor Group has reached an agreement with Paval Holding, the owner of the Dedeman business in Romania, to sell the Dacia One office buildings on Calea Victoriei for EUR50 million.
Belgian-held logistics space developer WDP posted EUR22.8 million rental income in Romania in the first half of 2021, its first half report shows.19702 items