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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PragmaGo Eyes Strong Growth in Romania in Coming Years
02.03.2025
PragmaGo, the Polish fintech providing funding services for SMEs, supported by investment fund Enterprise Investors, aims for fast growth in... more
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Dutch Group Versuni Sees Sales Rise 10% in 2024 in Romania
02.03.2025
Dutch group Versuni, which includes Philips and Saeco brands in its portfolio, boosted Romania sales by over 10% in 2024. more
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Belgium’s Habitex Lays Off over 240 Employees in Romania
02.03.2025
Three companies part of Belgian group Habitex, all headquartered in Maramures county, have collectively laid off 241 employees. more
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Renaissance Public Service Aims to Double Turnover in Next Two Years to Over RON400M
02.03.2025
Renaissance Public Service, Romania’s only TV set manufacturer, wants to double its business in the next two years, to over RON400 million. more
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Generali Keeps Eye on Any Acquisition Opportunity in Romania
02.03.2025
Generali, Italy’s largest insurer and one of Europe’s top three, is closely monitoring any opportunity of growing Romania operations via... more
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Update: Seller In eMAG/HeyBlu – Orange Money IFN SA Deal Is Orange Romania
01.31.2025
eMAG and its financial services subsidiary HeyBlu have acquired Orange Money IFN SA from telecommunications group Orange Romania and the main... more
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Romania, Georgia, Hungary And Azerbaijan Set Up Company To Implement Green Energy Corridor
01.31.2025
State-run grid company Transelectrica (TEL.RO) on Friday notified investors about the registration with the Trade Register Office of a joint... more
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Fondul Proprietatea Starts Buyback Program For A Maximum Number Of 320 Million Shares On Feb. 3
01.31.2025
Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Jan. 31 that the next buyback program refers to the acquisition of... more
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eMAG And HeyBlu Announce Acquisition Of Orange Money
01.31.2025
Romanian online retail group eMAG together with its financial services subsidiary HeyBlu have acquired 100% of the shares of Orange Money, eMAG has... more
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Statistical Office: Romania Housing Permits Down 1.5% YoY In December 2024
01.31.2025
Romanian authorities issued 2,511 residential building permits in December 2024, 8% fewer than in November 2024 and 1.5% fewer than in December... more
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Transelectrica Announces Commercial Operation Of 400 kV Resita-Pancevo Overhead Power Line
01.31.2025
Romania's national grid operator Transelectrica (stock symbol: TEL) has announced that the 400 kV Resita (Romania) – Pancevo (Serbia)... more
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PwC: Weight of Companies Expecting Headcount Cuts in 2025, Up vs 2024
01.31.2025
The weight of companies anticipating a headcount reduction in 2025 rose to 11% in January 2025 from 2% in January 2024, reveals a PwC Romania survey. more
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Cemacon Completes Merger with Euro Caramida, Set to Start Export of Key Products
01.31.2025
Brick producer Cemacon has finalized its merger with Euro Caramida, leader of Romania’s ceramic blocks market, according to the company’s... more
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Unilever Set to Move Part of Ice Cream Production from Bulgaria to Romania
01.31.2025
Anglo-Dutch giant Unilever, a leading player on the consumer goods market, is set to shut down its ice cream plant of Veliko Tarnovo, Bulgaria and... more
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Three Supermalls Under Construction In Cluj And Iasi In 2025
01.30.2025
Three supermalls with about 130,000 square meters of gross lettable area each are under construction in Romania, as the developers in this country... more
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Secuiana 2024 Turnover Up 10.5% YoY To RON51M
01.30.2025
Apparel manufacturer Secuiana based in Targu Secuiesc (Covasna County), ended 2024 with a turnover of RON51 million (roughly EUR10.3 million), up... more
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Kaufland Opens Its 2nd Store In Bragadiru; Reaches 188 Hypermarkets In Romania
01.30.2025
German retailer Kaufland has inaugured on Thursday (Jan. 30) its second store in the town of Bragadiru (Ilfov County), thus reaching a network of... more
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OMRO IFN Issues New Set Of Bonds Worth EUR1.56M On Multilateral Trading System Of Bucharest Stock Exchange
01.30.2025
OMRO IFN, as part of the Filbo group, alongside Filbo Pay S.A. and Easybill Digital SRL, a Romanian company specialized in micro-crediting services... more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On Jan. 30
01.30.2025
Romania's Finance Ministry raised RON1.97 billion from banks on Thursday (Jan. 30), selling government paper in two auctions, at annual average... more
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Association: 26 Companies Listed On Bucharest Bourse Get Maximum Scores In 2024 For Investor Communication vs 20 Firms In 2023
01.30.2025
The number of companies listed on the Main Market of the Bucharest Stock Exchange, which achieved maximum scores at the evaluation of investor... 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.