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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Poland’s Spyrosoft Solutions Posts RON46M Turnover, RON5.7M Profit in Romania in 2023
04.26.2024
Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold... more
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Kaufland Opens Unit in Nasaud, Reaches 178-Unit Network in Romania
04.26.2024
German retailer Kaufland has opened a new unit, in Nasaud city, Bistrita-Nasaud county, thus reaching a network of 178 hypermarkets nationwide. more
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Cristian Rusu Wants to Bring Rus Savitar Back to Growth
04.26.2024
Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019,... more
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SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years
04.26.2024
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian... more
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Mobila Dalin's 2023 Turnover Drops Nearly 8% YoY To RON48.9M
04.26.2024
Upholstered furniture manufacturer Mobila Dalin based in Reghin (Mures County) ended 2023 with a turnover of almost RON48.9 million (EUR9.9... more
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Electrica To Pay Out RON40M Dividends
04.26.2024
The shareholders of electricity supplier and distributor Electrica (EL.RO) on April 25 approved the distribution of dividends in the amount of... more
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BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit
04.26.2024
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of... more
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Shareholders Greenlight One United Properties’ Corporate Bond Issuance Program
04.25.2024
Real estate developer One United Properties (ONE.RO) has notified the stock market about the decision of its shareholders to approve a corporate... more
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Nuclearelectrica To Distribute Dividends Worth Over RON1B To Shareholders
04.25.2024
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report that its shareholders approved, in their... more
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Banca Transilvania Gets Shareholder Approval To Distribute RON1B Dividends, To Boost Share Capital By RON1.2B
04.25.2024
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their... more
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Builder Autotehnorom Revenue Shrinks 25.5% To RON200.9M In 2023
04.25.2024
Autotehnorom, a construction company in Suceava owned by the Ripan family, posted about RON200.9 million (EUR40.6 million) revenue in 2023, down... more
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JT Grup Oil Sells 10 Million Shares Issued Following Share Capital Increase; Readies Listing On AeRo Market
04.25.2024
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, is launching a public offering for the sale of 10 million... more
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Radisson Blu Hotel In Bucharest Opens NAMI Beach Club & More In June
04.25.2024
Radisson Blu Hotel Bucharest will open the NAMI Beach Club & More relaxation center in June, following a EUR1 million refurbishment process. more
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COS Ends 2023 With EUR29M Turnover, Up 3.5% YoY
04.25.2024
COS (Corporate Office Solutions), the leading provider of design solutions and furniture mostly for office spaces, held by investment fund SARMIS... more
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
04.25.2024
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this... more
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Law Firm ONV LAW Expands Its Team Of Lawyers
04.25.2024
ONV LAW, one of the most dynamic law firms in Romania, has announced in a press statement on April 25 that it is expanding its team with six new... more
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Finance Ministry Raises RON1.39B From Banks On April 25
04.25.2024
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average... more
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
04.25.2024
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with... more
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Siemens Healthineers Unveils Installation Of MAGNETOM Flow In Romania
04.25.2024
Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology... more
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Coface: CEE Countries Faced Dramatic Surge In Company Insolvencies In 2023
04.25.2024
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout... 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.