OMV Petrom Makes New Natural Gas Discovery in Spineni, Near Craiova

yesterday, 10:17
OMV Petrom has discovered a new natural gas reservoir in Spineni, around 70 km northwest of Craiova.
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UPDATE: Schwarz Group buys 70% in La Cocos, founder Iulian Nica retains 30%
06.25.2025
Germany’s Schwarz Group, the owner of Lidl and Kaufland, is buying 70% in Romanian retailer La Cocos. The founder of the business, entrepreneur... more
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New Car Registrations Down Almost 13% YoY To 54,209 In January-May 2025
06.25.2025
New car registrations in Romania fell 12.8% to 54,209 units in January-May 2025 compared with the year-ago period, while in the EU they were down... more
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Meta Estate Trust Invests EUR1.5M In Four Villas Under Radisson Blu Brand Near Brasov
06.25.2025
Meta Estate Trust (MET.RO), a holding company operating in the real estate sector, is investing EUR1.52 million in a portfolio of four villas in... more
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Eurowind Energy Invests Almost EUR175M In PV Park In Dambovita
06.25.2025
Eurowind Energy, a developer and operator of renewable energy projects, is developing a new photovoltaic park in Visina, Dambovita County, the... more
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Tomcat Hospitality Takes Treevi Pizza Al Taglio Brand to Timisoara
06.25.2025
Treevi Pizza Al Taglio, a brand specializing in Roman-style artisanal pizza by the slice, part of Tom Hospitality group’s portfolio, continues... more
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Retele Electrice Romania Buys over RON32M Worth of Cables and Accessories for Grid Revamp
06.25.2025
Retele Electrice Romania, part of PPC group in Romania, has launched a public tender with a maximum value of almost RON32 million (VAT not... more
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Germany’s Schwarz Group Nears Takeover of La Cocos
06.25.2025
German group Schwarz, which owns Kaufland and Lidl, is closing in on taking over La Cocos, the store chain founded by Iulian Nica, in line with ZF... more
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VLG Ro 2024 Turnover Inches Up by 1% YOY To EUR83M
06.25.2025
Electrical cables and conductors supplier VLG Ro, part of Austrian group Mienhart, for 2024 reported turnover worth RON412.8 million (around EUR83... more
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Alpin Group Invests EUR20M in Olimp Resort Hotel
06.25.2025
Alpin group, which operates the hotel compound of the same name in Poiana Brasov, is investing EUR20 million in a new accommodation unit, this time... more
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STC Partners Pays EUR8M For 16,000 Sqm Plot In North Of Bucharest For Residential Project
06.24.2025
Real estate developer STC Partners has bought a 1.6-hectare plot of land in Pipera, in the north of Bucharest, from Medicover for more than EUR8... more
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Romanian Audiobook And E-Book Streaming Platform Voxa Launches In Latin America
06.24.2025
Voxa, a Romanian audiobook and e-book streaming platform, is expanding international presence with the official entry on the Latin American market,... more
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UK’s Frasers Group Enters Romania With Sports Direct Store In Craiova
06.24.2025
UK’s Frasers Group, which owns several brands on various market segments, such as Frasers, Flannels, USC, GAME, Evans Cycles, Jack Wills, has... more
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Smart Diesel Sees Net Profit Up 63.1% To RON224.6M In 2024
06.24.2025
Arad-based fuel supplier Smart Diesel posted RON224.6 million (EUR45.1 million) net profit in 2024, an increase of 63.1% on 2023’s RON137.7... more
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DHL International Romania Posts 5.1% Growth In Revenue To RON339.7M In 2024
06.24.2025
DHL International Romania, one of the largest parcel delivery companies in the country, ended 2024 with almost RON339.7 million (EUR68.2 million)... more
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Catena Posts RON8B Revenue In 2024, Grows To Almost 1,000 Pharmacies
06.24.2025
Catena, a 957-pharmacy network in Romania, posted more than RON8 billion revenue in 2024, according to the information it supplied for ZF’s `Cei... more
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Finance Ministry raises RON554M from banks on June 23
06.23.2025
Romania's Finance Ministry reopened a benchmark bond issue due in July 2023 and raised RON554.4 million from banks on Monday, June 23, RON154... more
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OMV Petrom Buys 50% In 400MW Photovoltaic Project In Bulgaria
06.23.2025
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, is buying 50% in Dunav Solar Plant EOOD, which is developing the Gabare... more
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European Commission Greenlights Exim Banca Romaneasca’s RON1.2B Recapitalization
06.23.2025
The European Commission has concluded that Romania’s EUR250 million (RON1.2 billion) recapitalization of majority state-owned Exim Banca... more
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Spain’s Olala! Group Invests Over EUR5M In Buying Hotel Duke Romana And Hotel Duke Armeneasca In Bucharest
06.23.2025
Spain’s Olala! Group, which is already present in Romania via Rina Hotels, is investing more than EUR5 million to buy two hotels in downtown... more
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Romania’s Central Bank Posts RON5.64B Operating Profit In 2024, Up 16% YoY
06.23.2025
Romania’s central bank posted RON5.64 billion operating profit in 2024, an increase of 16% or RON798 million on 2023, the institution announced. 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
moreAnalysis
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.