OMV Petrom 1Q/2025 Sales Up 5% YOY To RON9B. Net Profit Drops 24% To RON1B
yesterday, 10:17
OMV Petrom, Romania’s sole oil and gas producer, for the first quarter of 2025 reported RON9 billion sales, up 5% from the year-earlier period, while its net profit declined by 24% to RON1.07 billion.
-
Fremman Capital Buys Amethyst Clinic Network today, 07:00
London-based investment firm Fremman Capital, with European offices, has entered into a definitive agreement to acquire Amethyst, a provider of... more
-
Alpin Resort Hotel In Poiana Brasov Sees Revenue Up 5% To RON73M In 2024 yesterday, 23:42
Alpin 2003, which manages the Alpin Resort Hotel complex, one of the largest in the Poiana Brasov resort, ended 2024 with RON73 million revenue,... more
-
NN Group Increases Stake In Electrica To 10.08% yesterday, 23:14
Electrica (EL.RO), a major actor on the electricity supply and distribution market in Romania, on Wednesday notified the Bucharest Stock Exchange... more
-
Transport Trade Services Shareholders Approve RON28M Dividends From 2024 Profit yesterday, 22:07
Danube freight carrier Transport Trade Services (TTS.RO) has announced that its shareholders decided during the general meeting on April 30 to... more
-
JT Grup Oil's 2024 Net Profit Surges 79% YoY To RON10.3M yesterday, 20:17
Fuel wholesaler JT Grup Oil, listed at the Bucharest Stock Exchange, ended 2024 with a turnover of RON229 million, up 2.4% year-over-year, backed... more
-
Corden BioChem Buys Decommissioned Clariant Bioethanol Plant In Romania yesterday, 19:23
Corden BioChem, a German industrial biotechnology company, announces a strategic investment in Romania, by buying the decommissioned Clariant... more
-
Forvis Mazars: 8 In 10 Company Execs In Romania Plan To Expand Their Businesses Abroad In Next Five Years yesterday, 17:13
Forvis Mazars Group, the international audit, tax and advisory services partnership, recently revealed the results of its latest C-suite barometer. more
-
Businessman Ionut Negoita Sells Apartments From HILS Residential Projects To Meta Estate Trust For EUR4M yesterday, 15:36
Meta Estate Trust, a holding company operating in the real estate sector, announces investments of nearly 4 million euros in four residential... more
-
Etiq AI Raises EUR900,000 In Seed Funding Led By GapMinder VC yesterday, 14:42
Etiq AI, the female-founded AI-startup based in London, UK, has announced it has raised EUR900,000 in seed funding led by GapMinder VC, following... more
-
Deloitte: 66% Of Companies See Lack Of Experience Of New Employees As Main Cause Of Failure yesterday, 14:14
Two-thirds (66 percent) of company representatives say that recently hired employees were not fully prepared for the roles they fill, and lack of... more
-
Statistical Office: Romania Housing Permits Up 2.8% YoY In Q1/2025 yesterday, 13:58
Romanian authorities issued 7,630 residential building permits in the first quarter of 2025, 2.8% more than in the same period of 2024, data from... more
-
Dentons Promotes Four Lawyers In Bucharest To Counsel yesterday, 12:33
Global law firm Dentons has announced the promotions of four lawyers in Bucharest to counsel, namely Sandra Constantin, Stefi Ionescu, Luiza... more
-
Law Firm Filip & Company Assisted BT Pensii in Takeover of BRD Medio yesterday, 11:22
Law firm Filip & Company provided legal assistance to BT Pensii in its takeover of the management of voluntary pension fund BRD Medio, which is... more
-
BCR Group 1Q/2025 Net Profit Rises 19.8% YOY To RON742M yesterday, 11:15
BCR Group in the first quarter of 2025 registered net profit of RON742 million (EUR149 million), up 19.8% from 1Q/2024, driven by improved... more
-
Purcari Wants to Distribute Dividends with 4.2% Yield yesterday, 10:59
Winemaker Purcari wants to distribute to investors a dividend of RON0.65/share. more
-
BRD Ends 1Q/2025 with RON350M Net Profit, Up 7% YOY yesterday, 10:28
BRD, the fifth largest bank by assets in Romania, ended the first quarter of 2025 with RON350 million net profit, up 7.2% from the year-earlier... more
-
Polipol 2024 Turnover Down 10.7% To RON158.7M yesterday, 09:53
Upholstered furniture maker Polipol, owned by the German group of the same name, for 2024 reported turnover worth RON158.7 million (EUR31.9... more
-
Aquila Shareholders Approve Distribution Of RON60M Dividends yesterday, 06:00
Aquila Part Prod (AQ.RO), an integrated distribution and logistics services company for the consumer goods market in Romania and the Republic of... more
-
Tub Integral Sees Profit Shrink 10.6% To RON6.9M In 2024 yesterday, 06:00
Electrical materials and lighting fixtures distributor Tub Integral, held by the Tarmure family from Bistrita, posted RON73.3 million (EUR14.7... more
-
Romgaz To Distribute RON604M Dividends 04.29.2025
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) has received the approval of its shareholders for the distribution... more
Romania’s economic growth is forecast to pick up gradually to 3.1% in 2025 and 3.6% in 2026, while its public finances will continue
more
Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data
more
Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania
more
Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the
more
Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers
more
Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of
more
Romanian investors last year spent EUR577 million on acquisitions in the region, three times more than in 2023, in line with data from
more
Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.