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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Marian Alecu Set To Invest EUR3.5M And EUR2.5M In Hotels In Bucharest And Sibiu
01.28.2025
Marian Alecu, the entrepreneur who started the McDonald’s network in Romania, is preparing two new investments in hotels, one in Sibiu and the... more
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EUR500M RIVUS Project To Bring Chic Chic Urban Fashion Store Chain To Cluj-Napoca
01.28.2025
RIVUS, the mixed-use project developed by IULIUS and Atterbury Europe within an investment estimated at EUR500 million, will bring Chic Chic Urban... more
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OMRO IFN To List Its Third Bond Issue On Bucharest Stock Exchange On Jan. 30, 2025
01.28.2025
OMRO IFN, a non-banking financial institution funding Romanian agriculture SMEs and local businesses, will be listing a bond issue of EUR1.56... more
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EY: 92% Of Global Investors Unwilling To Sacrifice Short-term Performance For Longer-term Potential Benefits Of ESG Investments
01.28.2025
A blinkered view of climate change and sustainability has taken hold across the world's investor community and is fueling a focus on short-term... more
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INS: Romanian Execs See Relative Stability In Economic Activity And Staff Numbers In Manufacturing And Services In Jan-March 2025
01.28.2025
Romanian managers expect relative stability in the economic activity and the number of employees in the manufacturing and services sectors and a... more
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Spectral Mobila Ends 2024 with EUR7.5M, Up 13% YOY
01.28.2025
Furniture producer Spectral Mobila, which owns a plant in Vaslui county, ended 2024 with net turnover of EUR7.5 million, 13% higher than in 2023. more
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Bergenbier Head Appointed President of Romanian Brewers Association
01.28.2025
Mihai Voicu, general manager of Bergenbier S.A., a company part of Molson Coors Beverage Company, has been appointed chairman of Romanian Brewers... more
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Trimconserv Lists RON2.5M Bond Issue on Bucharest Stock Exchange
01.28.2025
Tricomserv, a Romanian company specialised in industrial production and manufacturing of equipment for water supply and sewage systems, makes its... more
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Eurobank Sells IMO Property Investments Bucharest to APS Group
01.28.2025
Greek group Eurobank has sealed an agreement to sell IMO Property Investments Bucharest, securing the strategic supervision and sale of its Romania... more
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Oves Enterprise Set to Invest EUR3M in 2025
01.28.2025
Oves Enterprise, a software producer of Cluj-Napoca, has earmarked EUR3 million for investments in 2025, to improve the Nemesis AI platform and... more
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Biggest Mutual Funds in Romania at End-2024
01.28.2025
BRD Asset Management managed a significant leap in the ranking of Romania’s largest investment managers by assets and reached the top position at... more
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Decathlon Plans To Resume Expansion In Romania In 2025
01.27.2025
Sporting goods retailer Decathlon, which arrived in Romania in 2009, will resume expansion in the country and open new stores in 2025 and 2026,... more
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Iulius Bets Expansion Of Palas Iasi And Constant Project
01.27.2025
Developer Iulius is betting on the expansion of the Palas Iasi and on the start of its project in Constanta. more
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Kastamonu Romania Eyes Slight Turnover Rise In 2025 vs 2024, In Optimistic Scenario
01.27.2025
Kastamonu Romania (the former Prolemn), controlled by Türkiye’s Kastamonu Entegre, anticipates a slight increase in its 2025 turnover, in an... more
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Nedim Baytorun To Take Over As CEO Of Vodafone Romania As Of April 1, 2025
01.27.2025
Nedim Baytorun, currently Consumer Business Unit Director and Executive Board member, will take over as CEO of Vodafone Romania and Achilleas... more
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CMS Report: M&A Market In Emerging Europe Up 8% By Volume, Down 31% By Value In 2024 Due To Absence Of "Megadeals"
01.27.2025
A total 1,281 transactions were sealed in Emerging Europe, in 2024, a year marked by many economic, social and geopolitical problems, 8% more than... more
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Competition Council Sets Off Inquiry Into Dental Services Market
01.27.2025
Romania's Competition Council has launched an investigation into the possible violation of competition law by the Romanian College of Dentists. more
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Finance Ministry Raises RON400M From Banks On Jan. 27
01.27.2025
Romania's Finance Ministry raised RON400 million from banks on Monday (Jan.27), selling government paper due in 2035 at annual average yields of... more
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PeliPartners Assists Argo Capital Property In Sale Of Shopping City Suceava To M Core
01.27.2025
Law firm PeliPartners has assisted Argo Capital Property group in the sale transaction of shopping mall Shopping City Suceava to UK-based group M... more
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Romania Private Lending Up 8.9% YoY To RON421B In December 2024
01.27.2025
Private lending in Romania went up 8.9% to RON421.4 billion in December 2024 compared with December 2023 after the local currency lending rose by... 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.