Biofarm records a net profit of 77 million lei in 2023, up 9% compared to 2022
Biofarm (stock symbol BIO), one of the most important drug manufacturers in Romania, ended 2023 with a net profit of about 77 million lei, up 9% from the previous year and a turnover of approx. 280 million lei, according to preliminary results (unaudited). “In 2023, we successfully implemented cost optimization strategies, focusing in particular on […]
DefCamp, the largest cybersecurity conference in Central and Eastern Europe, expands with a first spin-off edition in Cluj-Napoca, May 16-17
Andrei Avădănei, founder of DefCamp Bucharest, 28 February 2024 – DefCamp, the largest cybersecurity conference in Central and Eastern Europe, is expanding, on 16-17 May 2024, for the first time to Cluj-Napoca, one of Romania’s most powerful technology hubs. DefCamp Cluj-Napoca aims to support collaboration in the cybersecurity industry so that specialists can offer the […]
Credit Europe Bank Romania implements the contactless functionality across its entire ATM network
Credit Europe Bank continues the integration of digital banking solutions by introducing the contactless function throughout its ATMs. With this feature, Credit Europe Bank customers can perform transactions at ATMs with a simple tap of their card, phone, watch or other smart device equipped with NFC technology over the reader, regardless of the issuing bank […]
betahaus enters Romanian market and opens a top-central coworking space in Bucharest
betahaus, one of the pioneer coworking brands in Europe with locations in Berlin, Hamburg, Barcelona, and Sofia, announced the opening of its very first location in Romania. Building further on its strategic partnership with GTC Group, one of the leading real estate investor and developer in CEE and SEE regions, betahaus is launching a fully […]
Investimental reaches client base of 1,000 retail investors
Mihaela Biciu, CEO of Investimental Investimental, the newest broker on the Romanian capital market, reaches 1,000 retail clients locally. “Reaching 1,000 clients in under seven months, ahead of our initial timeline, is a testament to the demand for our unique blend of education-focused and long-term investment strategies. The past year’s market positivity, including Hidroelectrica’s historic […]
Lion’s Head to attract €150 million investment from the International Finance Corporation (World Bank Group)
Oregon Park International Finance Corporation (IFC) has provided a €150m investment with sustainability-linked features consisting of a syndicated loan facility and a convertible instrument to Lion’s Head Investments (LHI), a commercial property platform in Bulgaria and Romania – JV between Old Mutual Property and AG Capital. Lion’s Head currently owns and operates five office buildings […]
Strategic Partnership between A_BEST Foreign Language Center from Bucharest, Romania and AC LANGUAGE SCHOOL from USA, Texas
Aura Icodin and Elias Alonzo A_BEST Foreign Language Center, from Bucharest, Romania, and AC LANGUAGE SCHOOL, from Texas, USA, are announcing an innovative partnership, with the aim of offering foreign language courses on an online platform to companies in Romania. A_BEST, one of the leaders on the Romanian market regarding corporate language training, and AC […]
Eaton – IT trends for 2024
Bucharest, 27 February 2024: In the dynamic realm of the Information Technology (IT) sector, 2024 is poised to be a transformative period defined by a myriad of trends and challenges. This Eaton analisys delves into critical aspects such as the burgeoning significance of data, the intricacies of IT business, the pivotal role of the IT […]
One United Properties posts a consolidated turnover of 306.6 million euros and a gross profit of 105.9 million euros in 2023
One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, posts a preliminary consolidated turnover of 306.6 million euros for 2023, a 30% increase compared to 2022. The gross profit reached 105.9 million euros, a 9% increase excluding the one-off gain from Bucur Obor’s bargain purchase of […]
Raiffeisen Bank International will be TeraPlast’s second issuer market maker
Alexandru Stânean, CEO of TeraPlast TeraPlast SA (TRP symbol) announced on Monday the signing of an issuer market making agreement with Raiffeisen Bank International AG (RBI). The services will be active starting 1st of March, 2024, with the main objective of increasing the liquidity of TRP securities, which will also attract enhanced visibility of the […]