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SNP RO: Krum-1 also comes up dry in Han Asparuh, reinforcing exploration risk in the Bulgarian Black Sea | NEUTRAL

by Stoian Cosmin 04/02/2026

SNP RO: OMV Petrom announced the completion of drilling operations at the Krum-1 exploration well, the second well drilled in the Han Asparuh block offshore Bulgaria. Drilling started in February 2026, following the completion of the Vinekh well, and has …

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04/02/2026

Romania – Unemployment rate stagnated at 6.0% in Feb | NEUTRAL

by Stoian Cosmin 04/02/2026

• Romania – Unemployment rate stagnated at 6.0% in Feb | NEUTRAL • According to the figures released by the National Institute of Statistics (NIS) this morning, the number of unemployed (15-74 years) increased in Feb (for the first time since …

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04/02/2026

H2O: FY 2025 First look | OUTLOOK NEUTRAL

by Stoian Cosmin 04/01/2026

* For FY 2025, Hidroelectrica reported a net of RON 3,370m, down 18% Y/Y and 4.2% above our RON 3,233m estimate mainly on higher-than-expected wholesale and financial revenues | NEUTRAL * The BoD proposed a DPS of RON 7.35, implying a …

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04/01/2026

TTS RO: FY 2026 Budget Overview | NEUTRAL

by Stoian Cosmin 04/01/2026

* ‎2026 Consolidated Budget: TTS forecasts consolidated revenues of RON 746m for 2026, implying a 15% Y/Y increase, supported by a recovery in agricultural volumes and continued growth across minerals and chemicals. The company has budgeted a net profit of RON …

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04/01/2026

Romanian Macroeconomic Pulse, March 2026

by Stoian Cosmin 04/01/2026

* The annual contraction prolonged into 2026 * The macroeconomic climate deteriorated at the beginning of 2026, an evolution determined by the consequences of the fiscal consolidation process, the delays in the approval of the State Budget for this year, and the high level …

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04/01/2026
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