OMV Petrom 1Q/2025 Sales Up 5% YOY To RON9B. Net Profit Drops 24% To RON1B

04.30.2025
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.
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Penny Romania Set To Invest EUR120M To EUR150 In 2025
02.06.2025
Discount store chain Penny will invest EUR120 million to EUR150 million in Romania in 2025, about the same as in the previous years, says Chief... more
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Altex Set To Reach Over 130 Units In Romania With New Store Opening In Caracal On Feb. 13
02.06.2025
Altex, Romania’s largest electro-IT retailer, held by entrepreneur Dan Ostahie, will be opening a store in Cometex Retail Parks, in the town of... more
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Romania's Central Bank Clears Catalin Parvu To Take Over As Executive Vice President Of Exim Banca Romaneasca
02.06.2025
Catalin Parvu, one of the most famous bankers in the Romanian market, has received the approval of Romania's central bank to take over the position... more
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Nuclearelectrica Signs Four New Wholesale Energy Sale Contracts Worth RON155M With Energy Distribution Services
02.06.2025
Nuclear power producer Nuclearelectrica (stock symbol: SNN) on Feb. 5 concluded four new contracts worth a total of RON155 million for wholesale... more
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Competition Council: Sale Of Telekom Mobile To Vodafone And Digi Stands High Chances Of Approval
02.06.2025
The deal whereby Deutsche Telekom (Germany) and OTE (Greece) Group seek to sell Telekom Romania Mobile operations to Vodafone and Digi stands... more
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HazelHeartwood Inaugurates New HQ In Timpuri Noi Square
02.06.2025
HazelHeartwood, a Belgian management consulting firm, is inaugurating a new headquarters after leasing approximately 400 square meters of gross... more
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E.ON Romania Wants to Reach 1 Million Clients on Energy Solutions and Services Segment from 860,000 Currently
02.06.2025
E.ON Energie Romania, a leading gas and electricity supplier on the local market, wants to reach 1 million clients on the segment of power... more
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Statistical Office: Romania Retail Sales Grow 7.8% YoY In December 2024
02.06.2025
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 7.8% both in unadjusted data and when... more
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Filip & Company Assisted eMAG and HeyBlu IFN in Orange Money Acquisition
02.06.2025
Law firm Filip & Company has legally assisted Dante International (eMAG) and HeyBlu IFN, a financial services company owned by eMAG group, in the... more
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One United Properties Reports EUR227M Worth of Sales and Pre-Sales for 2024
02.06.2025
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, reports total sales and... more
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Transilvania Investments Alliance Wants to Start Buyback Program of Maximum RON92.5M
02.06.2025
Transilvania Investments Alliance is convening its shareholders on March 10, 2025 to approve among others a share buyback program of up to RON92.5... more
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BRD 2024 Net Profit Down 8% To RON1.52B
02.06.2025
BRD Groupe Societe Generale, the fourth largest bank in Romania, in 2024 posted RON1.47 billion net profit, down 9.7% from 2023, and RON3.89... more
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Fortech Investments Reaches Portfolio of 18 Tech Startups, Eyes 2-4 Projects in 2025
02.06.2025
Investment fund Fortech Investments has since its launch in 2021 invested EUR8 million in 18 tech startups, of which EUR2 million were earmarked... more
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Samsung Romania: Smartphone Market Expanded by 3% by Value in 2024
02.06.2025
Romania smartphone market rose by 3% in 2024 by value amid consumers’ penchant for more expensive models and the tendency will maintain this year. more
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New Car Registrations Down 6.4% In January 2025
02.06.2025
New car registrations were down 6.4% to 11,920 units in January, data from Romania’s carmaker association ACAROM show. In comparison, 2024... more
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JYSK Opens Store In Tecuci, Reaches 147 Units In Romania
02.05.2025
Scandinavian home furnishings retailer JYSK continues to expand in Romania and is opening a new store in the town of Tecuci, Galati County, on... more
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Nuclearelectrica Signs RON236M Worth Of Wholesale Energy Sale Contracts With Energy Distribution Services
02.05.2025
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market via a report on Feb. 4 about the conclusion of four... more
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Antitrust Watchdog Clears Acquisition Of Certain Assets Of Ciech Soda Romania By Aloref And Ascom International
02.05.2025
Romania's Competition Council has approved the transaction through which Aloref S.R.L. and Ascom International S.R.L. plan to acquire the... more
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Electrica Shareholders Approve EUR253M Investment In Crucea Est Wind Farm
02.05.2025
Electrica (stock symbol: EL), a major player on Romania’s electricity distribution and supply market, will grant a loan of EUR253 million to the... more
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Asset Manager Amundi Partners With Retail Broker TradeVille In Romania
02.05.2025
Amundi, the European leader in asset management, is expanding its operations through a new partnership for the distribution of investment funds in... 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
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Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data
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Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania
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Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the
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Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers
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Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of
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Romanian investors last year spent EUR577 million on acquisitions in the region, three times more than in 2023, in line with data from
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Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded
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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.