Category: Uncategorized

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts a consolidated turnover of RON 105 million (EUR 21.1 mln) in the first three months of 2024, slightly down by 5%, compared to the first quarter of 2023, normalized EBITDA of RON 20.6 million and a normalized net profit…

The government plans to hike the minimum statutory wage to RON 3,700 (EUR 740, gross terms), prime minister Marcel Ciolacu confirmed, without saying whether this would be done by July or later this year. Currently, the minimum wage is RON 3,300 (EUR 660), meaning that the new hike would amount to just over 12%.  Speaking…

Prime minister Marcel Ciolacu, in an interview with Digi24, said that Romania’s decision regarding the transfer of the Patriot anti-missile system to Ukraine annoyed Russia, which conveyed a “veiled threat,” but stressed that this is certainly not likely to result in military retaliation. “I saw Moscow’s reaction (after president Klaus Iohannis was in the US…

Digi Communications (BVB: DIGI) has signed three loans totaling EUR 167.15 million for the development of telecommunications networks in Romania, Spain, and Portugal, according to a note to investors. The company also announced its net profit more than doubled to EUR 33 million in Q1, from EUR 14.3 million in the same period last year. The…

CEE’s leading wine producer with operations in Moldova and Romania, Purcari Wineries – BVB: WINE, announced the group’s revenue grew by 11% in Q1 this year, reaching RON 81.6 million.  EBITDA rose by 9% y/y to RON 23.1 million in Q1, marking a margin of 28%. The company’s net profit contracted by 15% y/y to…

The current account (CA) of Romania remained roughly unchanged in nominal terms (EUR 3.95 billion) in the first quarter of the year (Q1) compared to the same period in 2023, according to data published by the National Bank of Romania (BNR). The CA deficit in 12 months to March 2024 (EUR 22.6 billion) remained roughly…

The industrial output index in Romania contracted by 2.7% y/y in Q1 but improved by 1% q/q (seasonally adjusted) compared to the last quarter of 2023, according to data published by the statistics office INS. Based on March’s robust industrial figures and possibly based on the positive quarterly dynamics, but also considering the above-neutral 51.2…

NASTY, the new documentary that showcases the life and career of Romanian legend Ilie Năstase, the “bad boy” of tennis, will be released on the Max streaming platform in May. Co-produced for Max by HBO Documentaries Europe and Libra Films, the documentary will be released in 23 countries in the week of the launch of the…

The private medical sector is also making waves in real estate, according to an analysis by iO Partners, which says that major chains of private clinics and hospitals in Bucharest currently occupy spaces totaling over 215,000 sqm. About 40% of this area, equivalent to 86,000 sqm, comprises spaces leased in modern office buildings, often strategically…

Romanian emotions/emoții românești, a special temporary exhibition on wildlife in Romania, opens this week at the Antipa Museum in Bucharest. The opening of the show, which features 30 images captured by photographer Rareș Beșliu, is scheduled for Thursday, May 16. The images are part of the emotions/emoții photobook, where readers can find the complete stories of the animals…