State-run Hidroelectrica (H2O.RO) has notified the capital market that the General Meeting of Shareholders on October 31 approved the new spending and revenue budget for 2025, with the company now expecting RON9.96 billion total revenue, 4%% lower than initially set, while the expected net profit will be 15% lower, RON3 billion.
The Finance Ministry carried out an operation to reduce the refinancing risk of government debt by exchanging certain series of short-term bonds (government paper) for a new series of long-term bonds, thus moving the payment obligation further into the future.
Romania Finance Ministry on October 24 submitted a filing to London Court of International Arbitration (LCIA) requesting the termination of the public-private partnership contract sealed in 2006 with real estate developer Plaza Centers for the Casa Radio project, as well as claims of around EUR2 billion.
Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2025 posted net profit worth RON2.46 billion (EUR491 million), up 11.2% from the year-earlier period, driven by a higher customer business volume.
Thermal insulating panel producer Topanel has invested EUR20 million in a new plant in Ghimbav, Brasov county, in partnership with ICCO group.