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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Romgaz Seeks Shareholder Approval To Acquire Natural Gas Supplier
03.06.2024
Romanian state-run natural gas producer and supplier Romgaz (SNG.RO) announced in a stock market on Wednesday (March 6) that it summoned the... more
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PepsiCo Appoints Silvia Petre As HR Director For East Balkans Region
03.06.2024
PepsiCo has appointed Silvia Petre to the position of HR Director of PepsiCo East Balkans, starting from March 1, 2024. more
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Aktor Starts Drilling First Tunnel On Brasov-Sighisoara Railway Section
03.06.2024
Construction company Aktor, a member of the Intrakat Group, has officially started drilling works at the first tunnel (Ormeniş) on the... more
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Banca Transilvania Climbs To 3rd Spot Among World's 2024 Most Powerful Banking Brands
03.06.2024
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024, as per a new report from... more
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Statistics Board: Romania Retail Sales Grow 6.6% YoY In January 2024
03.06.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 6.6% in unadjusted data and by 5.1% when... more
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Allview Solar Energy, Part of Visual Fan, Set to Install Two Photovoltaic Stations for Multinational in Romania
03.06.2024
Electronic device maker Visual Fan, owner of Allview brand, has announced its unit Allview Solar Energy started installing two photovoltaic... more
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Transport Trade Services Wants to Pay RON68.4M Worth of Dividends to Investors
03.06.2024
Danube freight carrier Transport Trade Services has proposed to its shareholders the distribution of RON68.4 million from 2023 profit under the... more
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Electrica Wants Shareholders’ OK to Distribute Dividends with 1% Yield from 2023 Profit and Raise EUR300M Via Bonds
03.06.2024
Electricity supplier and distributor Electrica is convening its shareholders on April 24, 2024 to vote among others on the distribution of RON40... more
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Optima Group Wants to Open Offices in Italy, Hungary and Bulgaria in 2024, Go to Germany, France, Spain and Austria in 2025
03.06.2024
Romanian-held Optima Group, a developer and provider of software solutions and services, plans to expand its footprint and activity in several... more
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Plexus Seeks to Hire over 140 People at Oradea Plant
03.06.2024
Electronic parts producer Plexus Services Ro, the local subsidiary of US group Plexus, currently has more than 140 jobs available at the Oradea... more
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Egger Romania Ends 2023 with over EUR420m Turnover
03.06.2024
Egger Romania, part of Austria’s a supplier of wood-based material for furniture industry and interior decorations, construction and flooring, in... more
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Ruris Eyes 50% Increase In Staff Numbers In 2024
03.06.2024
Agricultural equipment manufacturer Ruris plans to digitalize the company and seeks to implement new services across its business lines, which is... more
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Retailer La Cocos' Three Stores Generate RON1B Sales In 2023
03.06.2024
Retailer La Cocos, controlled by entrepreneur Iulian Nica, which operates two discount-type hypermarkets in Ploiesti and one in Bucharest, ended... more
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Association: Mutual Funds In Romania Report RON420M Investor Subscriptions For January 2024
03.05.2024
Mutual funds in Romania, among the most accessible financial investment instruments with exposure to stocks, bonds and other investments, recorded... more
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Domeniile Salameh Renewables Gets Grid Connection Approvals For 220 MW Solar Park And 223 MW Wind Park
03.05.2024
Domeniile Salameh Renewables, a company held by Nawaf Salameh, has received the grid connection approvals from Romania’s national power... more
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Aqua Bilbor Appoints Alin Gliga As New Chief Executive Officer
03.05.2024
Natural mineral water producer Aqua Bilbor has announced the appointment of Alin Gliga as new CEO, and further investments to strengthen the... more
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Banca Transilvania Deputy CEO Sells RON2.5M Worth Of Bank Shares
03.05.2024
Tiberiu Moisa, Deputy CEO of Banca Transilvania (TLV.RO), the largest lending institution in Romania, sold RO2.5 million worth of the bank's shares... more
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AFI Europe Puts Luciana Giurea In Charge Of Its Residential Development Division In Romania
03.05.2024
AFI Europe has appointed Luciana Giurea, former General Manager of the AFI Ploiesti shopping center, to the position of Head of the Residential... more
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Hidroelectrica Puts Hydroelectric Unit 5 At Portile de Fier I Hydropower Plant Back Into Service
03.05.2024
Romania's largest energy producer Hidroelectrica has completed tests at the hydroelectric unit no. 5 at the Portile de Fier I (Iron Gates I)... more
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INS: Romania's Hourly Labor Costs Up 16.85% In 4Q/2023 Vs 4Q/2022
03.05.2024
Romania's hourly labor costs adjusted to the number of working days increased by 16.85% in the fourth quarter of 2023 compared to the fourth... 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.