OMV Petrom announced its financial results for the first quarter of 2024. The company achieved a net profit of around 1.4 billion RON, down 6 percent compared to Q1 2023. Consolidated sales revenues decreased by 10 percent compared to Q1/23, […]
OMV Petrom announced its financial results for the first quarter of 2024. The company achieved a net profit of around 1.4 billion RON, down 6 percent compared to Q1 2023. Consolidated sales revenues decreased by 10 percent compared to Q1/23, […]
International law firm CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility, to Premier Energy Group, for 88 million Euro. This deal marks Iberdrola’s full […]
BCR achieved a net profit of RON 620 million (EUR 125 million) in Q1 2024, up by 10.1 percent against RON 563 million (EUR 114 million) in Q1 2023, driven by improved operating results underpinned by advance in customer business. […]
Orange announces the appointment of Carl Al Khawand as Chief Financial Officer (CFO) of the Orange Romania Group, starting July 1, 2024. He will take over the responsibilities of Adela Guédon, who will continue her career within the Orange Group […]
NN Asigurari de Viata covered medical expenses and paid claims to health insurance customers totaling approximately 40 million euro from 2016 to date. In addition to concerns about accessing the needed medical services, an accident or a health problem can […]
Schneider Electric Romania strengthens its management team by appointing Marius Tudor as Sales Director of the System Integrators, OEM & Industrial End Customers department. He has over 16 years of experience in sales and project management. “We are happy to […]
Garanti BBVA is launching the GIA chatbot, designed to enhance customer experience and simplify support services. The GIA virtual assistant is available on all devices (smartphone, tablet, or desktop) and can respond to customer inquiries in two languages, Romanian and […]
Virgil Ichim, CEO of Allianz-Țiriac Private Pensions, is stepping down from his role effective April 30, 2024. He has been leading the pension fund’s operations since 2019, and prior to that, he held various leadership roles overseeing teams and strategic […]
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, finalized the transaction for the acquisition of 100 percent of Parmafood Trading SRL and Parmafood Group Distribution […]
Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, […]