Senate Speaker Calin Popescu-Tariceanu considers that the case concerning ex-premier Victor Ponta, who has been remanded under court supervision for 60 days, could be his political opponents’ attempt to “take him out of the [parliamentary elections] race.” “I know nothing other than what has appeared publicly and it would be unnatural for me to sit […]
Key information Q1 2024 vs. Q1 2023: Best Q1 in Sphera's history in terms of sales, EBITDA and net profit Consolidated sales continue to grow at strong pace, up 9.2% Significant improvement of net profit, up 192%, to RON 21.4 million Double-digit increase in EBITDA (+69%) to RON 39.8 million Comfortable profitability, with...
In the bustling tapestry of modern life, there's a few crucial threads that often get overlooked but hold the key to a prosperous future: social and emotional well-being, mental health and… play! When people think about achieving success in life, formal environments such as schools and universities often come first to mind. But the base […]
Romanians returned 160 million returnable packaging units in April, 40% of the 400 million units introduced on the market under the guarantee-return system, or SGR, minister of environment Mircea Fechet said at the opening ceremony for a new recycling center near Bucharest. Between January 1 and April 15, 166 million packaging units were collected under […]
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 […]
