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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VAUNT Sees 74% Growth In 2024
01.21.2025
Romanian start-up VAUNT, which developed a platform that helps real estate developers with their sales and marketing processes, ended 2024 with 73... more
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Moody's Affirms Transelectrica's Baa3 Rating, Outlook Stable
01.21.2025
Romania's national grid operator Transelectrica (stock symbol: TEL) was notified on Jan. 20, 2025 that international rating agency Moody’s... more
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Tuca Zbarcea & Asociatii Promotes New Equity Partner
01.21.2025
Law firm Tuca Zbarcea & Asociaţii announces the promotion of Şerban Paslaru to Equity Partner, starting with January 1, 2025. more
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Deloitte: 7 In 10 Global Leaders Boost Investment In Generative AI
01.21.2025
Generative AI (Gen AI) adoption has reached a key phase, with seven out of ten respondents (67%) that participated to the latest edition of... more
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Zitec Sees 13% Organic Growth And EUR34M Consolidated Turnover In 2024
01.21.2025
IT and digital marketing services provider Zitec ended 2024 with a consolidated turnover of EUR34 million, which translates into an organic growth... more
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EY Romania Survey: Over Half Of Romanian Companies Accessed European Funds And State Aid Schemes
01.21.2025
Just over half of Romanian companies (51%) have attracted financing through European programs and state aid schemes, with the sector of firms with... more
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Autonom Lists Its 2nd Bond Issue, Of EUR30M, At Bucharest Stock Exchange
01.21.2025
Autonom Services SA, the largest independent Romanian company in the mobility solutions market, is listing a new bond issue at the Bucharest Stock... more
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PartnerVet Expands to Western Romania by Integrating Timisoara DUOVET Clinic
01.21.2025
PartnerVet group, controlled by Romanian entrepreneur Ferenc Korponay and Dragic family, is expanding to western Romania by integrating Timisoara... more
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Germany’s SAP Overshoots 1,000-Employee Threshold In Romania
01.21.2025
SAP Romania, the local subsidiary of German software solutions provider SAP has gone beyond the 1,000-threshold in Romania. more
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New Car Registrations in Romania Up 5.6% YOY in 2024, To over 150,000 Units
01.21.2025
New passenger car registrations in Romania went up by 5.6% in 2024 against 2023, to 151,105 units, while at EU level new car registrations inched... more
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.lumen Completes EUR5M Investment Round
01.21.2025
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, founded by Cornel Amariei, has finalized a... more
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Softeh Plus Relocates Headquarters To Timpuri Noi Square
01.21.2025
Softeh Plus, a leading medical software system developer in Romania, is moving its headquarters to Timpuri Noi Square, an office project developed... more
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Google Aims to Grow Bucharest Team
01.21.2025
US tech giant Google currently has several jobs available at its Bucharest tech center, particularly related to mobile technology and wearable... more
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Grand Hotel Italia Budgets 5-10% Higher Turnover in 2025
01.21.2025
Grand Hotel Italia, the five-star hotel of Cluj part of Italian chain Select Hotels Group, expects 5-10% higher turnover this year, after nearing... more
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HILS Development Invests In Retail Area In HILS Republica, Plans To Boost Headcount
01.21.2025
HILS Development, an entrepreneurial company that owns the most important residential portfolio in the east side of Bucharest, that is six large... 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.