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OMV Petrom (stock symbol: SNP), the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on Nov 28 a strategic partnership with NewMed Energy Balkan, a subsidiary of NewMed Energy, to advance exploration efforts in Han Asparuh offshore block in Bulgaria.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 28, 2024) selling benchmark bonds, at an annual average yield of 7.32%.
Türkiye-based Trendyol, which operates an e-commerce fashion marketplace officially launched in Romania too in January 2024, will be opening its first warehouse in Romania, in December 2024.
Redport, one of the leading real estate developers in Bucharest, achieved pre-sales of residential units and pre-leases totaling over RON200 million (approximately EUR40 million), nearly double the total performance for the entire year of 2023, as per the company's record financial results for the first 10 months of 2024.
Romania’s general consolidated budget posted a deficit of RON109.42 billion in January-October 2024, or 6.19% of gross domestic product (GDP), which is 75% higher than the RON62.81 billion deficit (3.91% of GDP) reported in the same period of 2023, in line with finance ministry data.
The Romanian Army, via Romtehnica, a company representing the Romanian Ministry of Defense (MApN), has signed with Turkish land systems manufacturer Otokar a multiannual contract worth RON4.26 billion (around EUR857 million) for the supply of 1,059 COBRA II 4x4 armored vehicles to the Romanian Ministry of Defense.
Electronic device maker Visual Fan, which owns Allview brand, for the first three quarters of 2024 reported RON5.1 million net profit at group level, up 56% from the same period of 2023.
Fuel wholesaler JT Grup Oil ended the first nine months of 2024 with RON5.9 million net profit, 69% above the year-earlier level.
Holde Agri Invest, one of the largest farmland operators in Romania, registered RON16 million losses during the January-September period, from a RON22.9 million negative result in the year-earlier period.
Romania managers expect rising prices in the processing industry, constructions, retail trade and services in the next three months, in line with a survey conducted by the country’s statistics board INS.
CFA Romania financial analysts’ economic growth outlooks continue to deteriorate, with the latest survey pointing to a 1.6% value, while for 2025 the economy is expected to decelerate to a real GDP growth rate of 1.4%. Some respondents also forecast a recession.
Electrica, a major player on Romania’s electricity distribution and supply market, is readying to list bonds on the Bucharest Stock Exchange, announced Alexandru Chirita, the company’s CEO.
Andreea Ionita was recruited by Irish CRH Group, a significant player on the construction materials market, for the position of CEE Digital & Innovation Director, sources in the industry told Ziarul Financiar (ZF) daily.
Healthy food company SanoVita expects revenue to reach RON90 million by the end of 2024, an increase of 10% on 2023, its officials say.
Norofert (stock symbol: NRF), a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2024 with a turnover of RON35.5 million, up 10% year-over-year, as per the company's financial report published at the Bucharest Stock Exchange on Nov 27.
Romania's Finance Ministry raised EUR348 million from banks on Thursday (Nov 27), selling government paper in two auctions, at annual average yields of 3.5% and 3.19%, respectively.
Tarfin, a Turkish agri fintech enterprise focused on helping farmers obtain essential agricultural inputs, has appointed Romanian Valentina Seiciu as General Manager following Adina China-Birta’s stepping out from this position, company representatives said in a press statement.
The imports of the Nissan brand could go to a new consortium as of June 1, 2025, sources on the Romanian auto market say.
The Romanian indoor advertising market is expected to grow by 17% in 2024, way above the average of the Romanian advertising market as shopping centers and malls allocate more resources to developing advanced digital advertising platforms, as per an analysis by Brand Management.
Optima Group, a global leader in technology solutions and inventory services for fixed assets and stock, has undergone a rebranding process as part of the company’s evolution and is now Optima Technology, company representatives said in a press statement.19990 items