OTP Group, one of the largest independent financial groups in Central and Eastern Europe, announces the appointment of Gyula Fatér, executive with more than 27 years of experience in banking, as CEO of OTP Bank Romania, starting 13th of June. Gyula Fatér is a professional with over 27 years of...
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Kafeterija, a leading specialty coffee shop chain from Serbia, is set to enter the Romanian market as part of a regional expansion strategy financed by BlackPeak Capital, a Bulgarian investment fund supported by the European Union, Startupcafe.ro reported. The announcement was made last week, with the company outlining...
Romania’s oil and gas group OMV Petrom (BVB: SNP) reported a 3.8% year-on-year decline in hydrocarbon production for the first quarter of 2025, reaching 107.5 thousand barrels of oil equivalent (boe) per day, according to a market update published on 8 April on the Bucharest Stock Exchange. This output marks a marginal increase of 0.28% […]
Romania's industrial sector recorded a marked deterioration in the first quarter of 2025, with key performance indicators reflecting continued contraction due to global demand uncertainty and geopolitical tensions, according to the latest economic survey by the National Strategy and Forecasting Commission (CNSP). The contraction in activity was observed across all economic indicators tracked by the […]
During a press conference held on April 8, acting president Ilie Bolojan warned that Romania could face significant economic headwinds as a result of transatlantic trade disputes, especially in sectors like aluminum, pharmaceuticals, and component manufacturing. He emphasized the knock-on effects of Germany's reduced exports to the US and noted that Romania's integration into European […]
The Bucharest Stock Exchange's main index BET gained 3.5% on April 8, recovering more than half of the 6.1% loss accumulated during the previous three trading sessions after the US Administration announced the tariffs prompting panic among investors around the globe. BET's year-to-date performance thus returned to positive readings, with an advance of 2% YTD. […]
Romania's interim president Ilie Bolojan has proposed that electoral debates between presidential candidates be held at the presidential Cotroceni Palace in Bucharest, describing the venue as a fitting and symbolic space for fair and transparent discussions. "We're in this very room. I see no reason why, in the workplace of the future president, we cannot […]
