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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Romania Industrial Production Prices Drop 6% YoY In January 2023
03.04.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6% in January 2024 compared to January... more
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Romania Unemployment Rate Rises To 5.7% Month-On-Month In January 2024
03.04.2024
Romania’s unemployment rate rose to 5.7% in January 2024, higher by 0.1 percentage points compared to December 2023, data from the country’s... more
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Finance Ministry Raises RON1B From Banks Via Two Bond Issues On March 4
03.04.2024
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields... more
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Sweden's OX2 Gets Building Permit For 99 MW Wind Farm In Romania Due To Become Operational At End-2025
03.04.2024
At the end of 2023, Swedish group OX2 got the construction permit for the most advanced project in its portfolio, with an installed capacity of 99... more
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OMV Petrom To Earmark RON8M For “Health in the Neighborhood” Program In 2024
03.04.2024
OMV Petrom continues for the third consecutive year the partnership with the Medcorp Association and supports the implementation of the “Health... more
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Study: Romania Ranks Second In Europe By IT Specialists
03.04.2024
The number of IT specialists employed in Romania has seen a steady increase in recent years, making it one of the sectors with the highest... more
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Affidea Acquires MedEuropa Radiotherapy Centers
03.04.2024
Affidea group, the biggest player in the imaging field, has taken over the five clinics of MedEuropa Romania, specialized in radiotherapy, present... more
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Simtel Team Buys Photovoltaic Park in Salonta
03.04.2024
Simtel Team, a Romanian engineering and tech company listed on the AeRO market of BVB, has acquired Oasis Green Energy 3, a project company that is... more
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Online Retailer evoMAG Expects Sales to Companies and Public Institutions to Rise 20% in 2024
03.04.2024
Online retailer evoMAG estimates a 20% increase in sales to companies and public institutions for 2024, with this segment set to generate a quarter... more
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Clinic Network Dora Optics Completes EUR5.5M Investment to Build Private Hospital in Targu Mures
03.04.2024
Clinic network Dora Optics, present in Mures, Harghita, Cluj and Sibiu countries, has recently finalized a EUR5.5 million investment in the... more
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Motorola Mobility Aims to Sell 500,000 Smartphones in Romania in 2024, 100,000 More than in 2023
03.04.2024
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining... more
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ASA CONS Invests over EUR1M to Boost Warehousing Capacity, Install Photovoltaic Panels
03.04.2024
Romanian precast concrete product manufacturer ASA CONS of Turda has completed an over EUR1 million investment program, which envisaged increasing... more
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TeraSteel Aims to Start Production in New Plant in 1Q/2025
03.04.2024
Thermal insulating panels manufacturer TeraSteel, owned by Irish group Kingspan, is continuing its investment in a new plant, located in Lehliu... more
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Carbochim Generates RON120.7M Net Profit in 2023 after Headquarters Sale
03.04.2024
Carbochim Cluj-Napoca, Romania’s largest professional abrasives maker, reported RON120.7 million net profit for 2023, largely generated from the... more
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Elis Pavaje Does Not Rule Out International Expansion
03.04.2024
Paver maker Elis Pavaje, owned by Gota family of Alba, plans to expand internationally, already delivering to several European countries. more
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Holde Agri Invest 2023 Loss Widens YoY To RON28.5M From RON2M Level In 2022
03.01.2024
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, ended 2023 with a loss of RON28.5 million, compared to a loss of RON2... more
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Appraisal & Valuation's Net Profit Soars 56.6% YoY To RON953.500 In 2023
03.01.2024
Appraisal & Valuation (APP.RO), a company that provides valuation, consulting and real estate development services, ended 2023 with net profit of... more
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Foraj Sonde Videle Reports RON18.8M Net Profit For 2023, Down 11.5% vs 2022
03.01.2024
Oil drilling company Foraj Sonde Videle (FOJE.RO) ended 2023 with net profit of RON18.8 million, down 11.5% from 2022, and a turnover of RON140.3... more
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Romania Forex Reserves Grow To EUR63.12B In February 2024
03.01.2024
Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank... more
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Banca Comerciala Romana Announces Launch Of BCR Romania PMI Index
03.01.2024
Banca Comerciala Romana (BCR), in collaboration with the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR),... 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.