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Romania – Retail sales down by a softer Y/Y pace in Dec | NEUTRAL

by Stoian Cosmin 02/06/2026

Romania – Retail sales down by a softer Y/Y pace in Dec | NEUTRAL • The estimates released by the National Institute of Statistics (NIS) today show the increase in the volume of retail sales (a proxy for private consumption, …

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02/06/2026

SNP RO | SNG RO: Gas market full liberalisation deferred to March 2027

by Stoian Cosmin 02/05/2026

The Romanian government announced today that it will replace the existing price cap on natural gas with a state-administered price regime for household consumers and district heating plants from 1 April 2026 until 31 March 2027. Under this transitional arrangement, …

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02/05/2026

TEL RO: Transelectrica and Georgian State Electrosystem advance Black Sea HVDC interconnection; indicative cost ~EUR 3.5b, capacity ~1.3 GW

by Stoian Cosmin 02/05/2026

On 4 February 2026, Transelectrica and Georgian State Electrosystem (GSE), the transmission system operators of Romania and Georgia, signed in Bucharest a Memorandum of Understanding governing cooperation on the development of the Georgia–Romania Black Sea Submarine Cable interconnection project. The …

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02/05/2026

SNP RO: FY 2025 First look | OUTLOOK NEUTRAL

by Stoian Cosmin 02/04/2026

* OMV Petrom reported FY 2025 results broadly in line with expectations at the clean CCS level, while reported earnings were supported by one-off items. Clean CCS net income reached RON 5,059m, up 3% Y/Y and marginally below our estimate …

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02/04/2026

SNP RO: FY 2025 Results | NEUTRAL.

by Stoian Cosmin 02/04/2026

*OMV Petrom reported FY 2025 results broadly in line with expectations at the clean CCS level, while reported earnings were supported by one-off items. Clean CCS net income reached RON 5,059m, up 3% Y/Y and marginally below our estimate of …

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02/04/2026
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