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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Instant Factoring, the fintech for online micro-financing of companies in Romania, is expanding to the Spanish market. After "a 2023 with record growth in both Serbia and Romania," the company said it decided to take another step and offer alternative financing solutions to entrepreneurs in Spain. "Spain comes as a natural step in the development […]
As the digital currency market continues to grow, more and more investors are focusing on digital currency mining. However, traditional digital currency mining methods often require investors to buy expensive equipment and pay high electricity bills, which is impractical for most investors. BluestoneMining new energy cloud mining provides a more convenient, low-cost one-click digital currency […]
German car manufacturer Porsche announced it will build a second center in Romania, specifically in Cluj. The architectural project for the new space has been approved, and the construction is in the authorization stage at the moment. The company also owns an authorized service center...
CTP, a leading developer, owner, and manager of industrial and logistics properties in Europe, expanded its partnership with Cargus, one of the most important courier companies in Romania, with the inauguration of a new location in Sibiu. The warehouse, recently delivered within CTPark Sibiu, covers 3,000 square meters within a larger building totaling 9,000 sqm. […]
Remote Butler, an IT startup founded in 2022 in Cluj-Napoca, attracted investments worth over EUR 50,000 in its first round of financing from private investors. This comes on top of the company’s initial investment of EUR 40,000 in developing the app that allows registered waiters to practice their profession regardless of their location. Ciprian Costea, […]
Several bear-resistant bins, the first of this type in Romania, were put into use at Băile Tuşnad resort in Transylvania with the intention of keeping bears from rummaging through the leftovers. Bear-proof shelters, also necessary for human-bear cohabitation in many Romanian towns, have not been installed yet. "These have been tested on bears in Slovakia, […]
