Aerostar Bacau posted a slight increase in net profit, to 47.36 million RON, after the first half of this year, and a turnover of 292.83 million RON, according to the company's first half report, sent to the Bucharest Stock Exchange on Wednesday."From the turnover of 292,833 thousand RON achieved in the first semester of 2024, the company sold products and services on the domestic market of 52,606 thousand RON, and on the foreign market of 240,227 thousand RON equivalent. Between January 1 and June 30, 2024, the trend was maintained on the rise for the maintenance of civil aircraft as a result of the increase in work requests for the 2 types of aircraft for which Aerostar has authorizations. Regarding the comparative evolution of sales on the outlet markets, Aerostar recorded an upward trend for exports in Europe," the document reads.At the end of the first semester of 2024, Aerostar realized and put into operation investments worth 12.56 million RON.At the end of June, the company had 1,844 employees. The significant shareholders of the company are Iarom S.A. Bucharest (71.5%) and Evergent Investments S.A. Bacau (15.2%).Aerostar manufactures aviation products, repairs and modernizes airplanes, produces and integrates aero and land systems with civil applications or in the field of defense and security.The company, founded in 1953, has been a wholly owned private company since 2000, with shares traded on the Bucharest Stock Exchange since 1998.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
