Romgaz recorded in the first quarter of this year a total hydrocarbon production of 8.36 barrels of oil equivalent (boe), 4.56% higher than in the same period last year, according to a report submitted to the Bucharest Stock Exchange on Friday.The amount of natural gas extracted, gross, was 8.30 million boe (+4.39%), and the condensate production was 62,000 boe (plus 32.46%).Natural gas from internal production capitalized totaled 1.208 billion cubic meters, down 7.17% compared to the first quarter of 2023.Electricity production amounted to 263.8 GWh (minus 18.33%).Romgaz's main business segments are geological exploration in order to discover new gas deposits, methane gas production by exploiting the deposits in the company's portfolio, supply and distribution of natural gas, special operations and well services, production and supply of electricity.The majority shareholder of the company is the Romanian state, with a 70.0071% stake in the share capital.Starting from November 12, 2013, the shares issued by SNGN Romgaz are traded on the regulated market administered by the Bucharest Stock Exchange. At the same time, the company's shares are the basis for global depository receipts (GDRs) issued by the Bank of New York Mellon, GDRs that are traded on the London Stock Exchange.
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
