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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Brokerage Group XTB Ends 2024 with EUR435M Consolidated Revenues, EUR200M Profit, Up 14.3%
02.05.2025
XTB group in 2024 registered EUR435.3 million, up 21.8%, and EUR199.7 million net profit, 14.3% above the 2023 level, supported by rising client... more
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Cegedim: Romania Medicine Market Grows 13.8% in 2024 To RON34B
02.05.2025
Romanians bought medicines worth RON34 billion (EUR6.86 billion) last year, 13.8% more than in 2023, as prescription drugs in pharmacies totaled... more
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Brand Management 2024 Turnover Up almost 40% To RON15M YOY
02.05.2025
Advertising agency Brand Management reported an almost 40% turnover increase in 2024, to RON15 million amid a rising volume of implemented... more
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Footprints AI Readies for New Growth Stage, Set to Expand Further in CEE
02.05.2025
Romanian startup Footprints AI, which has developed an AI-based retail platform, is readying for a new growth stage after having registered a... more
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Heat Pumps Gain Ground in Romania, but High Prices Limit Uptake
02.05.2025
The slow expansion of the gas network, the strong increase in photovoltaic panel installations and demand for green alternatives are pushing up... more
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Old 3-Room Apartments in Bucharest Start 2025 with Strongest Price Increase in 3 Years
02.05.2025
January 2025 brought soaring prices on the Bucharest market of old three-room apartments after a year and a half of increases. After the 8.6%... more
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Romgaz's Natural Gas Output Up 4% YoY To 4.9 Billion Cubic Meters In 2024
02.05.2025
The natural gas production of Romanian gas producer and supplier Romgaz (stock symbol: SNG) stood at 4.9 billion cubic meters (bcm) in 2024, almost... more
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IRUM Reghin Expects 10% Growth In Revenue In 2025
02.04.2025
The owners of Maviprod-IRUM Group based in Reghin expect revenue to be 10% higher in 2025 than in 2024, when it was about the same as in 2023. more
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Fintech Pluridio Opens Sales Hub In London For Expansion On EMEA Markets
02.04.2025
Romanian-held Pluridio, a company specializing in development of software solutions for capital markets, has opened an office in London, Pluridio... more
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Agroland Business System Produced 58.4 Million Table Eggs In 2024, 28% More YoY
02.04.2025
Agroland Business System (stock symbol: AG), the Romanian entrepreneurial retail, agriculture and food group that owns the largest network of... more
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Visual Fan To Develop 2 MWp Solar Park For Salrom
02.04.2025
Romanian electronic device maker Visual Fan (stock symbol: ALW) said in a stock market report on Feb. 4 that its green energy division Allview... more
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Tuborg Romania Appoints Gheorghe Andresz As Vice President Of Sales
02.04.2025
Tuborg Romania, one of the leading players in the local beer market, has appointed Gheorghe Andresz to the position of Vice President of Sales. more
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Bitdefender Ventures Invests In German AI Startup Validaitor
02.04.2025
Validator, a German startup specializing in artificial intelligence system governance and testing, has attracted a new round of funding from a... more
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Complice.ro Reports Steady Turnover Of EUR850,000 For 2024 Despite Difficult Economic Climate
02.04.2025
Complice.ro, an online store active for almost 10 years in the Romanian market and provider of experience packages for individuals and companies,... more
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Bogdan Rotunjanu To Join ING Bank Romania As Chief Information Officer As Of April 1, 2025
02.04.2025
Bogdan Rotunjanu, with over 20 years of professional experience, will be joining ING Bank Romania as Chief Information Officer (CIO), starting... more
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MedLife Completes Acquisition Majority Stake In Routine Med Group
02.04.2025
Romanian private medical services company MedLife has completed the acquisition of the majority stake in Routine Med Group, which has a hospital in... more
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Statistical Office: Romania’s Industrial Production Prices Edges 0.7% Lower YoY In December 2024
02.04.2025
Romania's industrial production prices for the total (domestic market and non-domestic market) edged 0.9% lower in December 2024 compared to... more
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Statistical Office: New Passenger Vehicle Registrations In Romania Up 13.5% YoY In Q4/2024
02.04.2025
New registrations of road vehicles for passenger transport increased by 13.5% in the fourth quarter of 2024 compared to the fourth quarter of 2023,... more
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Stanleybet Extends Bond Issue On Low Investor Interest
02.04.2025
Stanleybet Capital, a superstructure of the Game World Group, one of the leading sports betting and gambling operators in Romania, announced at the... more
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Colliers: Romanian Real Estate Investment Market Boasts Biggest Growth in Region with EUR750M Worth of Deals in 2024
02.04.2025
Romania real estate investments reached EUR750 million in 2024, up 58% from 2023, but a little below the past decade’s annual average of EUR800... 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.