Interim president of the Social Democratic Party (PSD) Sorin Grindeanu will face an internal leadership contest after senator Titus Corlățean declared on August 8 that he will run for the party’s top position, Antena 3 reported, quoted by
The net profit of Romanian energy group OMV Petrom (BVB: SNP) plunged by 61% y/y to RON 4 billion (EUR 804 million) in 2023 amid a combination of lower hydrocarbon and electricity production, lower utilization rate of the refinery and lower prices on the markets for power and petroleum products.
Furthermore, the company's 2023 profit and loss statement includes the one-off element "solidarity contribution" (RON 2.7 billion) for the years 2022 and 2023.
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Interim president of the Social Democratic Party (PSD) Sorin Grindeanu will face an internal leadership contest after senator Titus Corlățean declared on August 8 that he will run for the party’s top position, Antena 3 reported, quoted by
The interim president of the Romanian Social Democratic Party (PSD), Sorin Grindeanu, has summoned the party's leading body on August 11 to analyse the "situation created in the governing coalition" after the reformist party USR opposed the decree of a national day of mourning for former president Ion Iliescu. The PSD leader says that the USR's...
Romania’s government has renewed the exploitation licence for the country’s only graphite deposit, located at Baia de Fier in Gorj County, Antena3.ro reported on August 8, quoting minister of economy Radu Miruță. The...
The Czech agri-food group Agrofert, controlled by former prime minister Andrej Babis, took over, through the East Grain company in Cluj, the MarAgro farm in Timiș, the transaction being approved by the Competition Council. MarAgro SRL cultivates a total area of 7,000 hectares, mainly cereals,
Mexican automotive supplier Nemak, one of the largest in the world, specializing in the development and production of aluminum components, is buying the Romanian lightweight components business of the Swiss Georg Fischer (GF), thus entering the local market. The transaction, part of a larger agreement, which provides for the acquisition of the entire lightweight components […]
The Polish retailer of modern convenience stores Żabka Group, which operates the Froo retail chain, has increased the capital of its Romanian subsidiary Froo Romania Holding by EUR 14.5 million, according to Economica.net....