Category: Uncategorized

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a 10% increase in the profitability of the company’s key segments, which comprise the net income from residential properties and net rental income, while consolidated revenues reached EUR 140.6 million in the first half of 2024. Gross profit stood at EUR 53.2 million,…

Romanian pop-rock band Hara is one of the winners of this year’s InterContinental Music Awards in the US. Their song Rollercoaster, a collaboration with Fetele de la Căpâlna, was the jury’s favorite track in the European Folk category. Artists from around the world participated in the competition, from countries such as the US, Germany, Spain,…

The European Union’s MARS agricultural monitoring system has significantly lowered its estimates for Romania’s corn production this year, primarily due to the severe drought affecting Southeastern Europe.  Romania, which previously competed with France for the title of the EU’s largest corn producer, has seen its production forecasts drop sharply.  According to MARS, the average corn…

DN AGRAR Group (BVB: DN), the largest integrated livestock farm in Romania, controlled by the Dutch de Boer family, recorded a 4% increase in turnover in the first half of 2024, to RON 83 million (EUR 16.7 mln).  The company’s net profit remained stable at RON 15 million (EUR 3 mln), similar to the first…

Agricover, one of Romania’s leading agricultural groups, has reported higher financial results for its Agrifinance arm but lower revenues for the Agribusiness division in the first half of 2024 amid mixed market conditions.  Agricover Finance IFN reported substantial growth, with loans and advances granted to local farmers reaching RON 3.36 billion (EUR 676 mln), reflecting…

ING Bank Romania has reported robust financial and commercial performance in the first half of 2024, marking significant milestones in its 30th year of operation in the Romanian market.  The bank’s revenues reached RON 1.79 billion (EUR 360 mln), reflecting a 9.6% increase compared to the same period in the previous year. This growth has…

Electrica Group (BVB: EL), a major player in Romania’s energy distribution and supply sectors, reported mixed financial results for the first half of 2024.  The group’s EBITDA increased by 6% to RON 614.7 million (EUR 123.6 mln), driven by strong operational performance in the electricity distribution segment. This growth was largely supported by a 15%…

The private healthcare sector in Romania has experienced remarkable growth, becoming one of the most dynamic areas of the economy, according to an analysis by Ziarul Financiar. Last year, the combined revenue of private clinics reached a record RON 12.4 billion (approximately EUR 2.5 billion), marking an 18% increase compared to the previous year and…

Pensions under RON 3,000 (EUR 600) in Romania will no longer be taxed starting October 1, 2024, minister of labor Simona Bucura-Oprescu has announced.  The decision, supported by prime minister Marcel Ciolacu, raises the current tax exemption threshold from RON 2,000 to RON 3,000.  PM Ciolacu emphasized the fairness of this measure, stating it would…

The National Liberal Party (PNL), the junior ruling party in Romania, has placed the elimination of gambling advertising as a key legislative priority for the autumn 2024 parliamentary session.  The proposal, listed as the sixth of eleven priorities by the PNL parliamentary group, aims to address the widespread influence of gambling advertisements, particularly in sports,…