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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Assets Of Top Ten Asset Management Firms In Romania Up 17% In 2023 vs 2022, But Down 20% vs 2021
01.26.2024
Despite significantly recovering from the decline of 2022 and reaching RON20 billion at the end of 2023, the assets of the ten largest companies in... more
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ASA CONS Targets EUR30M Turnover, EUR1M Investments In 2024
01.25.2024
Romanian precast concrete product manufacturer ASA CONS, based in Turda, has budgeted a turnover of almost EUR30 million and investments of EUR1... more
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Cluj-Napoca Airport Traffic Triples Between 2013 And 2023
01.25.2024
“Avram Iancu” International Airport in Cluj, Romania’s second largest, ended last year with 3.24 million passenger traffic, an increase of... more
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Romcarbon Buzau Sells 20,000 Hidroelectrica Shares For RON2.4M
01.25.2024
Plastic packaging maker Romcarbon (ROCE.RO) has announced in a stock market report on Thursday (Jan. 25, 2024) that it sold 20,000 shares of green... more
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Antibiotice Iasi Calls Shareholders To Approve Contracting RON35M Credit Facility From Banca Transilvania
01.25.2024
The Board of Directors of pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) announced in a stock market report on Thursday (Jan. 25, 2024) that... more
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Bittnet Group Gets New Board Of Directors
01.25.2024
IT group Bittnet (BNET.RO) on Thursday, January 25, elected its board of directors in a general meeting of shareholders, as the terms of the... more
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Vrancart To Increase Its Share Capital By RON32M
01.25.2024
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) has received the shareholders' approval to increase its share capital by RON31.9 million. more
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Bookstore Chain Carturesti Ends 2023 With EUR75M Sales
01.25.2024
Bookstore chain Carturesti ended last year with EUR75 million sales, an increase of 25% on the EUR60 million of 2022, its officials said. more
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Three-Month ROBOR Falls To 6.13%; IRCC For New Loans: 5.97% In Q1/2024
01.25.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Finance Ministry Raises RON720M From Banks On January 25, 2024
01.25.2024
Romania's Finance Ministry raised RON720.7 million from banks on Thursday (January 25, 2024) selling benchmark government bonds with a nominal... more
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Securitas Relocates Its Offices To @Expo Office Compound
01.25.2024
Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei... more
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EY: Decline In Female Appointments To European Financial Boards In 2023
01.25.2024
Appointments of female board directors to Europe’s largest financial services firms declined seven percentage points year-on-year, as per the... more
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European Investment Bank Group's Investments Near EUR88B In 2023
01.25.2024
In 2023, the European Investment Bank Group signed new financing contracts for close to EUR88 billion for high-impact projects in EU policy... more
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M&A 2023/2024 Report: Emerging Europe Continues To Show Resilience Amid Challenges
01.25.2024
Findings from the latest CMS Emerging Europe M&A 2023/24 report, released on Jan. 25 in cooperation with EMIS, show the resilience of the... more
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Spectral Mobila Invests RON8.5M in Building over 3,500-Sqm Logistic Center in Vaslui
01.25.2024
Furniture producer Spectral Mobila has started building a logistic center near the plant it owns in Tutova, Vaslui county. more
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Randstad Workmonitor 2024: Work-Life Balance, as Important as Wages for Romanian Employees
01.25.2024
The balance between professional and personal life has become as important as wages for Romanian employees and just half of them believe a... more
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Romania Hospitality Entrepreneurs Take Steps Abroad
01.25.2024
For a long time, local entrepreneurs in all the fields of the Romanian economy have had a cautious approach in business, preferring to anchor their... more
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Eversted Set to Manufacture Hygiene Products
01.25.2024
Eversted, the brand under which an air filter plant, as well as a mask one operate in Prahova county, will also develop starting 2024 on the... more
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Nuclearelectrica Expects RON1.3B Net Profit in 2024, Down 48% Vs 2023 amid RON4.7B Revenues, 42% Lower
01.25.2024
Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66... more
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Several Milk Coops Launch Own Brand, Naturlact
01.25.2024
Several cooperatives part of BOVICOOP, which bring together over 17 cooperatives with a number of over 600 farmers of Transylvania, have launched... 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.