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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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
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Impact Developer & Contractor's Consolidated Net Profit Plummets 58.8% YoY To RON34.9M In 2023
03.01.2024
Real estate developer Impact Developer & Contractor (IMP.RO) reported a consolidated net profit of RON34.9 million for 2023,down 58.8% from 2022,... more
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Transelectrica Completes 400 kV Overhead Power Line Project In RON150M Investment
03.01.2024
Transelectrica has announced the successful completion of the construction project of a 400 kV Overhead Power Line Portile de Fier – (Anina) –... more
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Delgaz Grid Invested RON35M In 200,000 Natural Gas Meters In 2023
03.01.2024
Natural gas and electricity distribution company Delgaz Grid invested over RON35 million in the purchase and installation of more than 200,000... more
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Retele Electrice Dobrogea Invests RON67M To Upgrade Navodari Station, Electrical Installations
03.01.2024
Retele Electrice Dobrogea, a company part of PPC group, previously named E-Distributie Dobrogea, is modernizing Navodari primary station and the... more
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Dafora Medias 2023 Revenues Rise 70% To RON20M, Losses Narrow 60% To RON951,317
03.01.2024
Drilling company Dafora Medias, included on the special list of companies under observation by the Bucharest Stock Exchange, reported RON20... more
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Braiconf in 2023 Generates RON26M Revenues, Flat from 2022, RON229,362 Net Profit, Down 59%
03.01.2024
Textile manufacturer Braiconf for 2023 reported total revenues worth RON26 million, flat from the previous year, and RON229,362 net profit, down 59%. more
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UCM Resita Ends 2023 with RON38M Turnover, RON12M Losses, from over RON400M Profit in 2022
03.01.2024
Romanian engine manufacturer UCM Resita saw its turnover rise by 83% from 2022, to RON38 million. more
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Ropharma Pharmacy Chain Records RON14M Profit, RON611M Revenues in 2023
03.01.2024
Ropharma pharmacies in 2023 posted net profit worth RON13.7 million, up 15.8% from 2022. more
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Autonom Services Sees 2023 Revenues Rise 12%, To RON728M, Net Profit Fall 45%, To RON31.9M
03.01.2024
Mobility network Autonom Services, founded by brothers Marius and Dan Stefan, in 2023 registered RON728 million operating revenues, up 12%, and... more
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Chimcomplex Borzesti Reports RON1.36B Revenues, Down 43%, RON75M Net Profit in 2023, from RON266M in 2022
03.01.2024
Chemical compound Chimcomplex Borzesti in 2023 generated overall revenues worth RON1.36 billion, down 43% from 2022, and RON75 million net profit,... more
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Three-Month ROBOR Ends February at 6.08%
03.01.2024
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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Marriott Group Adds Cluj to Portfolio
03.01.2024
The first hotel in Cluj under one of the brands of hotel group Marriott has been opened this week. Courtyard by Marriott Cluj-Napoca Downtown is... more
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REPACO Capital Starts Building Crevedia Retail Park in over EUR15M Investment
03.01.2024
REPACO Capital, a developer founded by several Romanian entrepreneurs, has started building Crevedia Retail Park, an over EUR15 million investment... more
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Sinteza Oradea Sees Losses Deepen in 2023 To some RON11M
03.01.2024
Sinteza Oradea group, one of Romania’s largest chemical companies in 2023 saw its losses widen from RON2 million in 2022 to RON10.7 million. more
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Policolor Set to Invest in Production Process Automation in Coming Years
03.01.2024
Paint and varnish manufacturer Policolor-Orgachim has planned investments in production process automation in coming years as finding workforce is... more
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Transport Trade Services 2023 Net Profit Spikes 71% YoY To RON306M
03.01.2024
Danube freight carrier Transport Trade Services (TTS.RO) announced in its preliminary financial report sent to the Bucharest Stock Exchange on Feb... more
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Alumil Ends 2023 With RON118.1M Turnover, Up 8.3% YoY
03.01.2024
Aluminum accessories supplier Alumil Rom Industry (ALU.RO) ended 2023 with a turnover of RON118.1 million, up nearly 8.3% from 2022, according to... more
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Socep Constanta 2023 Profit Doubles YoY To RON92.7M
03.01.2024
Port operator Socep Constanta (SOCP.RO) ended 2023 with profit of RON92.7 million, up 117.5% from RON42.6 million reported in 2022, as per its... more
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Rompetrol Well Services 2023 Turnover Soars 38.2% YoY To RON73M
03.01.2024
Rompetrol Well Services (RRC.RO), one of the major suppliers of well services in Romania, reported a turnover of RON73.5 million for 2023, up 38.2%... 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.