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COMPANIES

ROPEPCA – Expert analysis confirms: GEO 114/2018 will have negative effects on the natural gas market and the entire Romanian economy

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) brings to public opinion the results of a study analyzing the impact of Government Emergency Ordinance no. 114/2018 (GEO 114/2018) on the natural gas sector in Romania. The study, made by ...

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TeraPlast Group: 50% increase in EBITDA during 2018

The turnover of TeraPlast Group, the largest Romanian owned producer of construction materials, increased by 91% in 2018, to RON 804,9 million, due to the accelerated development of the Steel division, supported by the Serbian market expansion and the consolidation ...

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Orbis Group announces positive results in Romania

2018 has been another record year in terms of all Orbis strategic goals: financial performance, portfolio development and talents engagement, the Group has announced on Monday. At the end of 2018, Accor announced a tender offer on Orbis shares aiming ...

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Bittnet Group triples net profit in 2018, reaching RON 4.88 M

On February 22nd, Bittnet (BNET) has published the Group’s preliminary financial results for fiscal year 2018. The economic cycle and the capital markets were favorable to Bittnet as the Group has registered consolidated revenues of RON 54 million, an increase ...

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MOL’s retail fuel sales in Romania maintained their strong level in 2018

In 2018, MOL’s retail fuel sales in Romania maintained its strong 2017 level. Retail diesel sales noted a slight increase in 2018 (by 1%), while its gasoline sales were marginally lower compared with 2017. MOL Group announced its financial results ...

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Telekom Romania reports performance indicators for Q4 2018

Telekom Romania group announces key performance indicators in the fourth quarter of 2018, ended December 31, 2018, as reported today by OTE Group. Total revenues from Romania were down 9.0% yoy to EUR 242.2 mil. in Q4’18. Revenues from Retail ...

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Romgaz loses lawsuit against Court of Auditors, will pay damages worth RON 200m. Bonuses to be recovered from former managers

Romgaz has announced losing the lawsuit against the Court of Auditors, following the decicions made by the Alba Iulia Court of Appeals. The court’s decision refers to checks conducted by the Sibiu Court of Auditors at Romgaz in 2016. Following ...

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George Ureche returns to PwC as M&A Leader

As of February 2019, George Ureche returns to PwC as M&A Leader. In the past year, he was the CEO one of the largest media and entertainment groups in Romania. George has a vast experience in the management of the ...

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Developers to deliver around 1.2 million square meters of industrial, retail and office spaces in 2019, a new record for the local market

The local real estate market has entered a new year of development on all its major segments, as investors plan to deliver industrial, retail and office spaces with a cumulated area of ​​1.2 million square meters, a new market record. ...

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