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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Statistical Office: Romania's Industrial Sales Down 3.8% On The Month In November 2024
01.23.2025
Romania’s industrial sales (on the domestic and external markets) decreased by 3.8% in nominal terms in November 2024 compared with October... more
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CBRE Assists Rus Savitar in Sale of Timis Furniture Plant to EU Furniture
01.23.2025
Real estate consultancy CBRE Romania assisted Rus Savitar, one of Romania’s leading furniture producers, founded by Rusu family, in the sale of... more
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CFA Romania: Economic Confidence Rose in December, But Remains Extremely Low Amid Uncertainties
01.23.2025
The Macroeconomic Confidence Index of CFA Romania rose in December, by 6.7 points to 38.1 points, but remains at an extremely low level amid high... more
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Ascendia Signs RON14.9M Contract To Supply LIVRESQ Licenses To Private Educational Sector Customer
01.22.2025
Ascendia (ASC.RO), a developer of e-learning solutions for various fields, such as corporate training, healthcare and entertainment, on Wednesday... more
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TechAngels Members Invested Almost EUR3.8M Or 25% More In Tech Startups In 2024
01.22.2025
Business angel network TechAngels, the largest group of private technology investors in Romania, ended 2024 with total investments of EUR3.777... more
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Camelia Ene Appointed CEO Of ROCA Industry
01.22.2025
ROCA Industry (stock symbol: ROC1), a Romanian holding specializing in building materials production, has announced the appointment of Camelia Ene... more
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Uniprest Instal Signs Lease Contract For 3,000 Sqm In ELI Park Iasi
01.22.2025
Uniprest Instal, a wholesaler of heating installations based in Targu-Mures and controlled by Dutch group Rensa, has signed a lease contract for... more
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Colliers: Romania’s Economy Enters 2025 With Positive Long-Term Prospects, But With Significant Challenges Ahead
01.22.2025
Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers consultants predict... more
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Monza Ares Invests EUR0.8M In Interventional Cardiology Center At Targu Jiu County Emergency Hospital
01.22.2025
Monza Ares, the largest private network providing specialized cardiology services in Romania, has inaugurated an interventional cardiology center... more
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Wizz Air Announces Six New Routes From Romania's Sibiu To Cities In Germany, Austria, Italy, Switzerland And Spain
01.22.2025
Low-cost airline Wizz Air has announced six new routes that will connect Romania's central city of Sibiu to cities in Germany, Austria, Italy,... more
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Quantum Auto Max SRL Seeks To Buy Two Auto Centers In Bucharest
01.22.2025
The Competition Council is reviewing the deal whereby Quantum Auto Max SRL intends to buy assets related to the sale, maintenance and repair of... more
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EY: Romanian M&A Market Ends 2024 With 265 Transactions Worth An Estimated $6.6B
01.22.2025
The Romanian mergers and acquisitions (M&A) market recorded 265 transactions in 2024, with an estimated value of US$6.6 billion, which translates... more
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Deloitte: Companies In Romania Expect Challenging Year Marked By Cautious Optimism And Focus On Managing Risks And Costs
01.22.2025
Companies in Romania expect a challenging year, marked by cautious optimism and a focus on managing risks and costs, according to the Deloitte 2025... more
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Knauf Insulation Kicks Off Production Of Glass Mineral Wool At Its New Plant In Tarnaveni
01.22.2025
Knauf Insulation, part of Knauf Group, announces the start of glass mineral wool production at its new factory in Tarnaveni, Mures County. more
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Electromontaj Enters Partnership with Dutch Tennet To Build and Upgrade 1,000 Km of High Voltage Power Lines in the Netherlands in EUR1.75B Project
01.22.2025
Electromontaj SA has signed a 10-year partnership with Tennet BV, operator of Netherlands’ high voltage grid, envisaging the building of 400 kms... more
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Germany’s Rehau Names Paul Chipriean Country Manager for Romania
01.22.2025
German group Rehau appointed Paul Chipriean as Country Manager for Romania in early 2025, while Alexandru Oprea will fill a strategic position at... more
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Unilever Appoints Monica Tamas At Helm of Operations for Romania and Republic of Moldova
01.22.2025
Anglo-Dutch giant Unilever, one of the largest players on the consumer goods market, appointed Monica Tamas as General Manager of Unilever Romania... more
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BASF Agricultural Solutions Appoints New Country Manager for Romania and Republic of Moldova
01.22.2025
BASF Agricultural Solutions, one of the largest suppliers for the local plant protection product market, has a new country manager for Romania and... more
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Catalyst Romania Aims to Clinch 4-5 New Investments from Fund II, Make First Exits from Fund I
01.22.2025
Catalyst Romania, the first local venture capital fund focused on investments in tech startups, plans to operate 4-5 new investments this year,... more
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Romania Airports Register 26 Million Passengers in 2024, New Record High
01.22.2025
Local airports posted a new record high number of passengers in 2024, with 26 million persons transiting local terminals, up 6% from 2023, in line... 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.