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Romanian airline Blue Air on Thursday said it would launch flights from the “Avram Iancu” Cluj international airport to London Heathrow and Amsterdam starting March 1, 2021.
Investment fund GapMinder Venture Capital has carried out an additional investment of $550,000 in local startup Deepstash, which facilitates the identification, collection and organization of ideas of interest for companies, and also tracks negative feedback in social media.
TradeVille, a broker with an experience of over 25 years on the stock market, reduces the minimum trading commission from EUR15 to EUR7 for transactions carried out on a series of large global stock markets in North America, the eurozone and UK.
A survey by Romania’s Competition Council shows the use of Big Data technologies is becoming more important for enhancing the competitiveness of companies, but, at the same time, it may lead to establishing and artificially keeping prices high.
Media agency Mindshare has taken over the media planning and buying account of oil and gas company OMV Petrom (SNP.RO) on the Romanian market and it will be providing Petrom with consulting and medial strategy services for all media (TV, Online, Print, Radio, Out of Home media).
Romania's finance ministry on Thursday raised a planned RON500 million (EUR102.6 million) selling bonds maturing in October 2030 at an average yield of 3.34% a year, central bank data showed.
eMAG, the leading online retailer in Romania, is launching a program aimed at supporting retailers on the offline segment to digitalize their business.
Real estate developer Hagag Development Europe has selected Global Vision to provide property management services for its H Pipera Lake residential project.
Developers delivered 410,000 square meters of industrial and logistical space in the first nine months of 2020, nearly fully absorbed by demand which stood at 392,000 sqm, JLL said in its Bucharest City Report Q3 2020.
The occupancy costs of office spaces represent on average 3% to 4% of the turnover of service companies in Bucharest, and may fall even below 2% in some cases, according to an analysis by real estate consultancy company Cushman & Wakefield Echinox.
Real estate developer Portland Trust has leased 4,000 square meters on the ground floor of its J8 Office Park project in Bucharest.
Retail sales in Romania grew 1.3% on the month in October and 1.8% when adjusted for seasonality and number of working days, as sales of non-food items grew 3.3%, food sales grew 3.8% and fuel sales dropped 6.5%, data from the country’s statistics institute showed Thursday.
Germany, France and Italy were the top three export destinations for Romania’s furniture production in January-July 2020, data from Romania’s association of furniture manufacturers APMR show.
Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company Euromonitor show. While many sectors of the economy have seen a significant decline or even stagnated, this particular sector has been doing fine.
Unicarm, the largest entrepreneurial company in Satu Mare and one of the largest actors on the meat market in Romania, has invested EUR12 milion to EUR13 million in development this year, despite the challenges of the COVID-19 pandemic.
Lawyers of RTPR law firm assisted insurer Aegon in the sale of its Romanian operations to Austria’s Vienna Insurance Group (VIG), as part of a regional transaction worth a total EUR830 million.
Romania’s software industry is expected to grow by nearly 12.5% in 2020, to approximately EUR8.2 billion, according to estimations by KeysFin experts.
Swedish safety group Holmbergs, which supplies safety systems for child safety seats, will be relocating a part of its production in Hungary and Lithuania To Romania, after having recently acquired Romanian company Te-Rox Prod.
Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday.
Romania's finance ministry raised RON7.86 billion selling bonds on the domestic market in November, 55.4% above plan, plus EUR2.5 billion from international markets.19015 items