OMV Petrom Reports RON1.4B Net Profit, Down 6%, RON8.5B Turnover, Down 10% for Q1/2024 Vs Q1/2023
04.30.2024
OMV Petrom, Romania’s largest oil company, for the first quarter of 2024 reported RON1.4 billion net profit, down 6% from the year-earlier period, and RON8.5 billion turnover, 10% lower.
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Lion Capital Sells Azuga Ski & Bike Resort To Electric Planners For EUR9M
02.19.2024
Lion Capital (LION.RO) on Monday notified investors on the Bucharest Stock Exchange about its board of directors approving the sale of the entire... more
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Finance Ministry Raises RON443.2M From Banks On February 19, 2024
02.19.2024
Romania's Finance Ministry raised RON443.2 million from banks on Monday (February 19, 2024) selling benchmark bonds with a scheduled value of... more
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KIWI Finance Brokers More Than RON1.7B Loans In 2023
02.19.2024
KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over... more
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AROBS Transilvania Software Included FTSE Russell Micro Cap Index As Of March 18
02.19.2024
AROBS Transilvania Software (AROBS.RO) shares will be included in the FTSE Russell emerging markets indexes as of March 18, 2024. more
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Financial Analysts See Romania’s Economic Growth At Over 2% in 2024
02.19.2024
Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA... more
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Silcotub Zalau Starts Construction Of 21MW PV Park In Calarasi
02.19.2024
Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of... more
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ING Romania Appoints Austrian Philipp Gamauf CFO
02.19.2024
Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a... more
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(P) Accenture Industry X or how you can use innovation and engineering expertise for the digital transformation of industry
02.19.2024
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Retele Electrice Companies Want to Buy 300,000 Smart Meters in Maximum EUR24.2M Tender
02.19.2024
Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea companies, part of PPC group in Romania, previously named... more
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Wargha Enayati Invests EUR500,000 to Buy InClinic Rahova
02.19.2024
Wargha Enayati, the founder of Regina Maria healthcare network and Enayati Medical City, has invested EUR500,000 to buy a clinic in Bucharest,... more
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Blachotrapez Bets on 25% Turnover Growth in 2024
02.19.2024
Metal tile roofing producer Blachotrapez, owned by the Polish group of the same name, which owns three plants in Romania, counts on a 25% turnover... more
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Teodor Holhos Invests EUR1.5M In New Clinic in Targu-Mures
02.19.2024
Doctor Teodor Holhos, founder of ophthalmology clinic Dr. Holhos, has invested EUR1.5 million in a new clinic in Targu-Mures and expects to cross... more
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Grain Trader East Grain Reports over RON700M Turnover for 2023
02.19.2024
Grain trader East Grain of Cluj-Napoca, controlled by Czechia’s Agrofert, ended 2023 with turnover worth RON701 million (EUR141.7 million) and... more
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Metallic Tile Maker Metigla Sees 2023 Turnover Rise YOY
02.19.2024
Metallic tile manufacturer Metigla, with a plant in Prahova county, ended 2023 with higher turnover from 2022, with structures needed for the... more
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Evergent Investments Ends 2023 with RON200M Net Profit, Up 73% YOY
02.19.2024
Alternative investment fund Evergent Investments in 2023 registered a RON200 million net profit, 73% higher than in 2022, while assets under... more
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Intesa Sanpaolo Rakes in EUR7M Net Profit in Romania, Above 2022 Level
02.19.2024
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in 2023 generated net profit worth EUR7 million. more
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Competition Council Assesses Takeover Of Greenvolt Energias Renovaveis By GVK Omega SGPS Unipessaol Lda
02.17.2024
Romania's Competition Council said it was assessing an operation whereby GVK Omega SGPS Unipessaol Lda intends to take over Greenvolt Energias... more
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Competition Council Assesses Takeover Of Romanian Software By Belgium's SD Worx People Solutions NV
02.17.2024
Romania's Competition Council announced on Friday (Feb 16) that it was looking into an operation through which SD Worx People Solutions NV intends... more
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Optima Group Establishes Board Of Advisors Made Up Of French Entrepreneur And Two Romanians
02.16.2024
Optima Group, a leader in software solutions and B2B provider of inventory and assets services, has announced the establishment of a Board of... more
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ING Bank Romania Mobilized Over EUR1B In Sustainable Transactions With Bonds And Loans In 2023
02.16.2024
ING Bank Romania supported bonds and loans (syndicated or bilateral) of more than EUR1 billion in sustainable transactions in 2023, compared to... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania 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.