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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Dumitru Chisalita Appointed Chairman of Romgaz's Board of Directors 04.16.2025
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) has appointed Dumitru Chisalita as new Chairman of the Board of... more
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OMV Petrom And CE Oltenia Sign Four Execution Contracts For Photovoltaic Projects, Total Investment Tops EUR400M 04.16.2025
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, in partnership with Complexul Energetic Oltenia (CE Oltenia), announces... more
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Law Firm Filip & Company Promotes Two Counsels And Four Senior Associates 04.16.2025
Law firm Filip & Company announces that it has promoted Andreea Banică (Mergers and acquisitions) and Alin Grapa (Dispute resolution) to counsel,... more
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Wine Maker Crama Domeniile Davidescu Eyes 25% Annual Increase In 2025 Turnover To Over RON17M 04.16.2025
Domeniile Davidescu, a wine business based in the Republic of Moldova, targets a a turnover of over RON17 million in 2025, which would mean a 25%... more
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Cushman & Wakefield Echinox Provides Strategic Consultancy for Mall Moldova Project Developed by Prime Kapital 04.16.2025
The retail team of Cushman & Wakefield Echinox provided strategic consultancy for Prime Kapital, the developer of the Mall Moldova Iasi... more
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Romcim Completes Acquisition of Two Concrete Stations from BCC Agregate Betoane SRL 04.16.2025
Cement manufacturer Romcim, owned by Irelands’ CRH, has completed the acquisition of two concrete stations from BCC Agregate Betoane SRL, located... more
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Romania Car Output Downturn Continues in Q1/2025 04.16.2025
Romania car production in the first three months of 2025 declined by 11.2% from the year-earlier period, to a total of 135,723 units, of which... more
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Alpha Bank: Romania Had Highest Weight of Emigrants among EU States in 2024, But also One of the Highest Remittance-to-GDP Ratios in 2023 04.16.2025
Romania in 2024 had the highest weight of emigrants among EU states, with 24% of the country’s population (4.6 million people) living abroad, but... more
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Sierra Quadrant: One in Four Companies Entered “Zombie” Area in Q1/2025 04.16.2025
The number of companies that are struggling and generating problems along economic chains continues to rise, and after the first quarter of 2025... more
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Tudor. Personal Tailor Wants to List on the Bourse to Go Abroad 04.16.2025
Entrepreneurial company Tudor. Personal Tailor, specializing in the production of men’s made to measure suits, plans to get funding on the... more
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Foraj Sonde Videle Expands To France After Winning Contract 04.15.2025
Foraj Sonde Videle (FOJE.RO), one of the main drilling companies in Romania, has announced the start of its operations in France, as a result of... more
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European Commission Approves EUR16M Increase In State Aid For Rehabilitation Of Bucharest Heating System 04.15.2025
The European Commission has approved a EUR16 million increase in state aid for the project targeting the “Rehabilitation of Bucharest’s... more
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Statistical Office: Romania's Energy Output Down 7.7% YoY In January-February 2025 04.15.2025
Romania's energy output fell by an annual 7.7% in January-February 2025, down to 2.743 million tons of oil equivalent (TOE) due to a decline in... more
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Alesonor Sets Off Construction Of Verita International School Campus In Amber Forest 04.15.2025
Alesonor has started the construction of the Verita International School & Kindergarten campus within Amber Forest complete suburb, the company has... more
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Law Firm NNDKP Assisted MedLife In Boosting Syndicated Loan By EUR50M To EUR330M 04.15.2025
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted MedLife, the largest private healthcare network in Romania, in increasing its syndicated... more
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Delgaz Grid, Part Of E.ON Group In Romania, Invested EUR13M In Gas Network Upgrades In Cluj County In 2024 04.15.2025
Delgaz Grid, the distribution company of the E.ON Romania group, completed 15 investment projects in Cluj County in 2024, with their total value... more
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Tiriac Group Resumes Investments Of Over EUR100M In Residential Project In City Of Brasov 04.15.2025
Tiriac Group has resumed procedures for the authorization of an ample real estate project, an investment worth over EUR100 million, which targets... more
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Statistical Office: Romania's Industrial Production Down 5.2% YoY In February 2025 04.15.2025
Romania's industrial production decreased by 5.2% in February 2025, in unadjusted data, compared to February 2024, and by 3.2% when adjusted for... more
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Colliers Takes Over Property Management Services for Victoria Center Offices 04.15.2025
Real estate consultancy Colliers has been designated to manage Victoria Center office building of downtown Bucharest, a project that was in early... more
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Investment Fund 7X Partners Takes Over 40% in Leventer Medical Group 04.15.2025
Investment fund 7X Partners, controlled by Leonard Leca as main stakeholder, has taken over a 40% stake in dermatology center Leventer Medical... 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.