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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Codin Nastase And Lidia Stan Take Over As New Executive VPs Of Exim Banca Romaneasca, Traian Halalai Remains Head Of The Bank
01.30.2025
The executive management of Exim Banca Romaneasca will be ensured by Traian Halalai as Executive President, and by Lidia Stan and Codin Nastase,... more
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Mihai Diaconu Remains Chairman Of Electrica's Board Of Directors Until Dec 31, 2025
01.30.2025
Electricity supplier and distributor Electrica (stock symbol: EL) has announced in a stock market report that its Board of Directors appointed... more
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Genesis Property Appoints Ionel Purice As Chief Executive Officer
01.30.2025
Genesis Property, one of Romania’s leading office building owners, established by entrepreneur Liviu Tudor, has appointed Ionel Purice to the... more
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Romania Unemployment Rate Inches Down To 5.2% Month-On-Month In December 2024
01.30.2025
Romania’s unemployment rate stood at 5.2% in December 2024, lower by 0.1 percentage point than 5.3% recorded in November 2024, data from the... more
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German Retailer Lidl Ends January 2025 with Three New Stores in Romania
01.30.2025
Germany’s Lidl on Thursday opened three new stores, in Sibiu, Suceava and Bascov, for which more than 80 new jobs were created. more
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C&W Echinox: Developers Completed 14 Retail Projects in 2024, One of Past Decade’s Best Performances
01.30.2025
Real estate developers in 2024 finalized 14 retail projects, representing both new schemes and expansions of existing ones. more
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Pastry Maker Senneville Ends 2024 with 38% Turnover Growth, Readies Investments in Two New Plants
01.30.2025
Pastry producer Senneville, an entrepreneurial business launched by David Alb in Timisoara, in 2024 posted EUR5.1 million turnover, up 38% from... more
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Romania Startup Examin Eyes US Market
01.30.2025
Romanian startup Examin, specializing in AI-powered automation and video analysis, plans to expand to the US. more
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Bog’Art, UTI Construction and Facility Management and Drumuri Bihor Complete Satu Mare Airport New Departures Terminal, in EUR63M Investment
01.30.2025
Builder Bog’Art, owned by Raul Doicescu, in association with UTI Construction and Facility Management, controlled by businessman Tiberiu... more
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Radisson Hotel Group Looks at Iasi, Craiova and Oradea to Open New Radisson Hotels
01.30.2025
Radisson Hotel Group, one of the world's leading hotel chains, is eyeing several cities of Romania to open new hotels under one of its brands.... more
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Avon Adds Franchised Brick And Mortar Stores In Romania
01.29.2025
Direct selling company Avon, one of the largest actors on the cosmetics market in Romania, expanded into retail last year, opening franchised stores. more
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Avioane Craiova Seeks To Get RON300M Loans From BCR
01.29.2025
Avioane Craiova (AVIO.RO), a Romanian aeronautical company, has called shareholders for a general meeting on March 6, when they are to vote on... more
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Claudia Sofianu, EY Romania: Reinventing The Job Market: Five Best Measures To Attract And Retain Talent
01.29.2025
Identifying how companies can turn their workforce into one of their strengths was the main area of analysis in the fifth edition of the global... more
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PPC Renewables Romania Unveils New Control Room
01.29.2025
PPC Renewables Romania, part of the PPC Group, has inaugurated a new control room adapted to handle a larger volume of installations in efficient... more
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Auchan Set To Open Two New Stores In The Coming Period
01.29.2025
French food retailer Auchan is carrying out a recruitment campaign for more than 120 employees as it seeks to open two new stores in the coming... more
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factory by Raiffeisen Bank Program Funded Over 560 Businesses In Last 7 Years, Total Financing Value Tops EUR30M
01.29.2025
The factory by Raiffeisen Bank program, launched seven years ago to support beginner entrepreneurs, has provided funds for more than 560... more
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Principal33 Reports EUR20M Revenue For 2024
01.29.2025
Principal33, a European software development company founded in Romania, ended 2024 with EUR20.3 million in revenue driven by its Romanian... more
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Leroy Merlin To Open Its 2nd Store In Iasi In First Half Of 2025
01.29.2025
French do-it-yourself (DIY) retailer Leroy Merlin will inaugurate its second store in the city of Iasi, in the first half of 2025, within the new... more
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Remus Aurel Benta Plans To Build EUR73M Basaltic Wool Plant via Construct Plus
01.29.2025
Businessman Remus Aurel Benta, a stakeholder in building materials maker Daw Benta and other firms, plans to build a basaltic wool plant near... more
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Romanian Companies Spent More Than $330 Million To Buy Businesses Abroad in 2024
01.28.2025
Romanian companies conducted 18 transactions abroad in 2024, spending more than $330 million to buy businesses in the US, Italy and Austria,... 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.