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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
