OMV Petrom Reports RON1.4B Net Profit, Down 6%, RON8.5B Turnover, Down 10% for Q1/2024 Vs Q1/2023
04.30.2024
OMV Petrom, Romania’s largest oil company, for the first quarter of 2024 reported RON1.4 billion net profit, down 6% from the year-earlier period, and RON8.5 billion turnover, 10% lower.
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CMS Advises Iberdrola On Sale Of Its Wind Power Assets In Romania
04.30.2024
International law firm CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian... more
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OMV Petrom Set to Withdraw from Georgia
04.30.2024
OMV Petrom announced in its quarterly financial report it will withdraw from Georgia, a country where it signed a production sharing contract for... more
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BCR Group Q1/2024 Net Profit Up 10% To RON620M
04.30.2024
BCR group in the first quarter of 2024 posted net profit worth RON620 million (EUR125 million), up 10.1% from the year-earlier period, amid... more
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Antibiotice Iasi Eyes RON850M Investments by 2030
04.30.2024
Antibiotice Iasi, the largest Romanian-held drug maker, has a total RON850 million investment plan between 2023-2030 to reach RON1 billion turnover... more
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Baneasa Shopping City Generates 60% Profit Margin In 2023
04.30.2024
Baneasa Developments, the company that manages the Baneasa Shopping City mall in the northern part of Bucharest, has reached a record profit margin... more
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NN Romania Pays Over EUR25M In Total Compensations To Health Insurance Clients
04.30.2024
NN Romania and ING Bank Romania have assisted more than one million clients in benefitting from financial protection through the solutions... more
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Furniture Maker Class Furn Reports RON179M Turnover For 2023, Down 19% YoY
04.30.2024
Class Furn Romania, a furniture manufacturer based in Bihor County, ended 2023 with a turnover of RON179 million, down 19% on the year, in line... more
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Nimet Ends 2023 With RON633M Turnover, Down 27% YoY
04.30.2024
Targoviste-based Nimet, one of the biggest chrome plated steel bars and tubes producers, ended 2023 with a turnover of RON633 million, down 27% on... more
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Hidroelectrica To Pay Out RON6.3B Dividends To Its Shareholders On June 28
04.30.2024
State-run Hidroelectrica (H2O), the largest electricity producer in Romania, said in a stock market report that its shareholders approved, in their... more
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Lion Capital Rejects Proposal Of Shareholder Blue Capital To Distribute RON209M Dividends And To Start Share Buyback Program
04.30.2024
Alternative investment fund Lion Capital (LION.RO) said in a stock market report that its shareholders decided in their extraordinary general... more
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Teilor Holding Ends 2023 With 11% Growth In Revenue To RON413M
04.29.2024
Teilor Holding SA, a group of companies that includes the Teilor luxury jewelry chain, the non-bank financial company Invest Intermed GF IFN,... more
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Aquila Part Prod Shareholders Approve RON85M Dividends
04.29.2024
Aquila Part Prod (AQ.RO), an entrepreneurial company providing distribution and logistics services for consumer goods in Romania and the Republic... more
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Meta Estate Trust Shareholders Approve Distribution Of 2023 Profit
04.29.2024
Meta Estate Trust, (MET.RO), a holding company in the real estate sector, has secured shareholder approval for distributing the 2023 profits as... more
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Evergent Investments To Pay Out RON82M Dividends On June 12, 2024
04.29.2024
Alternative investment fund Evergent Investments (EVER.RO) informed the capital market in a report about the shareholders' decision of April 29 to... more
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Orange Promotes Adela Guedon, Replaces Her With Carl Al Khawand As CFO Of Orange Romania
04.29.2024
Orange, the telecom market leader in Romania, has announced appointment of Carl Al Khawand chief financial officer (CFO) of the Orange Romania... more
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Finance Ministry Raises Nearly RON961M From Banks Via Two Bond Issues On April 29
04.29.2024
Romania's Finance Ministry raised RON961 million from banks on Monday (April 29), selling government paper in two auctions, at annual average... more
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European Commission Approves EUR95M Romanian Restructuring State Aid For TAROM
04.29.2024
The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up... more
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Premier Energy Acquires 80MW Wind Park In Constanta In EUR88M Deal
04.29.2024
Premier Energy Group, held by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiří Šmejc, has acquired the Mihai Viteazu wind... more
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Virgil Ichim Step Down As CEO Of Allianz-Tiriac Pensii Private After Five Years
04.29.2024
Virgil Ichim, CEO of Allianz-Tiriac Pensii Private, is stepping down from his role effective April 30, 2024, in order to pursue other career... more
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Statistics Board: Germany, France, United States Control Enterprise Subgroups In Romania
04.29.2024
Germany, France and the United States of America hold the top three spots among countries that control enterprise subgroups in Romania, as per the... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.