Category: Uncategorized

The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism…

Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two…

In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation.  In today’s world, every business talks about digital transformation, but few know how to make it…

The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is…

Dorin Bob, a Romanian businessman, invested in a project called Pădurea cu Aluni (The Hazelnut Grove), aiming to become the hazelnut supplier for global brand Ferrero. The Transylvanian businessman, who owns the Arovit canned goods brand, currently operates a 460-hectare hazelnut plot in Homoroade, Satu Mare County. He recently acquired a new 211-hectare plot in the…

Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, announced it recorded in the first nine months of 2024 a gross turnover of USD 3.57 billion and an operational result (EBITDA, an indicator that measures the company’s profitability before deducting depreciation, interest, fees, and taxes) of about USD 125 million. The financial results were impacted…

The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors. The company’s total revenues dropped by 16.3% y/y to RON 6.13…

Romania’s energy group OMV Petrom announced that Transocean Barents, the mobile semi-submersible offshore drilling unit contracted for the Neptune Deep natural gas extraction project, has arrived in Constanta. “The arrival of the platform marks a crucial moment in our effort to develop the first gas project in the deep water area in Romania, together with…

Romania’s economy will expand by only 1.4% in 2024, slowing down from 2.4% in 2023 and 4.0% in 2022, but it will gradually recover to stronger growth rates in the coming years: 2.5% in 2025 and 2.9% in 2026, according to the European Commission’s Autumn 2024 Economic Forecast. The rebound will be driven by a…

The total number of recipients of social benefits for retired persons was, in October 2024, 925,865 – 2,322 lower compared to the previous month, according to the data provided by the National Public Pension House (CNPP) and quoted by Economica.net. Of these, 832,693 were pensioners covered by the public system, and 93,172 were from the…