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.
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Integral Capital Group Buys Majority Stake in Embryos Clinic from Founding Doctors
02.04.2025
Law firm RTPR assisted investment fund Integral Capital Group, previously known as Integral Venture Partners, in the purchase of a majority stake... more
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BoldMind Capital Partners Launches EUR60M Regional Investment Fund
02.04.2025
BoldMind Capital Partners, founded by Dragos Rosca, Claudiu Negrisan, Florina Stancu and Dan Nicolaescu, is launching a regional investment fund... more
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TeraPlast Takes Over Majority Stake in Aquatica Experience Group, Wants to Provide Water Treatment and Purification Services in Romania, Moldova, Hungary, Croatia and Austria
02.04.2025
Building materials producer TeraPlast Bistrita has acquired a majority 51% stake in Aquatica Experience Group (AEG), a provider of water treatment,... more
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OMV Petrom Proposes Gross Dividend of RON0.0444 Per Share, Equivalent of 6% Return
02.04.2025
OMV Petrom, Romania’s sole oil and gas producer, has announced its proposal for dividends from 2024 net profit: RON0.0444 per share, which at... more
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OMV Petrom Ends 2024 with RON35.8B Sales, Down 8%, RON4.2B Net Profit, Up 4% from 2023
02.04.2025
OMV Petrom, Romania’s sole oil and gas producer and the largest company by turnover, ended 2024 with RON35.8 billion sales, down 8% from 2023,... more
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Prysmian Romania Set to Recruit 30-40 People in 2025 for Cable Production
02.04.2025
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, at end-February 2024 started works on a... more
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Retailer Profi Opened Only Two Stores In Its First Full Month Under Ahold Delhaize Umbrella
02.04.2025
Retailer Profi inaugurated two stores in January 2025, a supermarket in Oradea, with a total area of 528 square meters and a Loco store (a format... more
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Fuel Wholesaler Artoil Expects 25% Growth In Revenue In 2025
02.03.2025
Timisoara-based fuel wholesaler Artoil, held by entrepreneurs Alexandra and Alex Bunceanu, expects 25% growth in revenue in 2025 compared with... more
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Antitrust Watchdog Looks Into Takeover Of Ade Gas Company By Rombeer Cringasu
02.03.2025
Romania's Competition Council is assessing the transaction through which Rombeer Cringasu SRL plans to acquire Ade Gas Company SRL. more
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Simona Belea Takes The Helm Of Continental Automotive Romania
02.03.2025
Simona Belea will take over as the new head of Continental Automotive Romania, starting with the second quarter of 2025. more
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Finance Ministry Raises RON1.4B From Banks Via Two Bond Issues On Feb. 3
02.03.2025
Romania's Finance Ministry raised RON1.4 billion from banks on Monday (Feb 3), selling government paper in two auctions, at annual average yields... more
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Romania Taps International Markets For 1st Time In 2025 With Euro And Dollar Bond Issues
02.03.2025
Romania's Ministry of Finance has tapped external markets on Feb. 3, 2025, for the first time this year, with euro and dollar-denominated bond... more
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Beko Romania Appoints Marius Mihailescu As CEO For Romania, Moldova, Greece, Malta And Cyprus
02.03.2025
Beko Romania has appointed Marius Mihailescu to the position of Chief Executive Officer (CEO) for Romania, Moldova, Greece, Malta and Cyprus. more
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Holde Agri Invest Confirms Bogdan Serghiescu As CEO, Appoints Adrian Pirciu As CFO
02.03.2025
Holde Agri Invest (stock symbol: HAI), one of Romania’s largest farmland operators, announces new changes in its management team, confirming... more
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MedLife Expands Portfolio Of Robotic-Assisted Surgeries By Introducing Rosa System
02.03.2025
MedLife, the largest private healthcare network in Romania by turnover, has announced that it is expanding its portfolio of robotic-assisted... more
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Law Firm CMS Advised M Core Group In Acquisition Of Strip Malls In Romania From MAS PLC
02.03.2025
Law firm CMS advised leading UK-based collective of property investment and management companies M Core Group on the acquisition of the strip mall... more
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Romania Forex Reserves Shrink To EUR60.83B in January 2025
02.03.2025
Romania's foreign exchange reserves shrank by EUR1.3 billion from EUR62.12 billion at the end of December 2024 to EUR60.83 billion at the end of... more
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Clifford Chance Badea Added 15 Lawyers To Its Team In 2024
02.03.2025
Clifford Chance Badea, the local office of global law firm Clifford Chance, has recruited 15 lawyers over the past year, reaching a team of more... more
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Forty Management Buys 12-Ha Land Plot in Seville Suburb, Plans EUR100M Investments
02.03.2025
Real estate developer Forty Management, controlled by Azoitei family, has bought a 12-ha land plot in a Seville suburbia and will invest over... more
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Cushman & Wakefield Echinox Assisted MAS PLC in Sale of Romania Strip Mall Portfolio To M Core Group
02.03.2025
Cushman & Wakefield Echinox provided strategic assistance to MAS PLC, a major real estate investor in CEE, in the sale of a Romania strip mall... more

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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.