Romania Feed

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.

The vast majority (85%) of Chief Executive Officers (CEOs) in Romania plan to increase investment in digital transformation in the next three years, according to the CEO Survey 2021 conducted by PwC Romania.

Calin Tiplea has been appointed Chief Operating Officer of coffee shop chain 5 to go, starting August 2021.

Romania’s central bank expects the country’s economy to see a “significantly higher” growth rate in 2021 than the level previously projected, and in 2022, the economic growth is expected to remain robust, against the backdrop of quarterly rates only marginally weaker than previously projected, comparable to growths in pre-pandemic years, per the minutes of the monetary policy meeting.

The volume of lease transactions with logistics and industrial space reached a combined area of 360,000 square meters in the first half of 2021, higher by 21% compared to the same period of 2020, per data provided by real estate consulting firm Cushman & Wakefield Echinox.

Action, a Dutch discount retailer selling low budget food and non-food products, is looking at the Romanian market. To this end, the group has sent executives to look at shopping centers, retail parks and other projects under development on the local market, according to market sources.

Theta Furniture & More Interior, a provider of interior design services and furniture on demand, has announced the start of construction works on a new production facility, of 5,000 square meters, near capital Bucharest, where it will produce custom made furniture starting 2022.

Romania's gross domestic product grew 1.8% in real terms in the second quarter of 2021 compared with the first quarter of 2021, flash estimates from the country's statistics board INS showed Tuesday.

Finance Ministry reopened a bond issue due in 2029 and borrowed RON662.6 million from banks on Monday, double as much as it had set out to, an at annual yield of 3.63%.