IAR Brasov has recorded a net profit of 22.88 million RON in the first nine months of this year, increasing by 53 pct over the same period of last year, according to a report sent on Monday to the Bucharest Stock Exchange (BVB).The company had a net turnover of 235.83 million RON, in the first nine months of this year, larger by 10 pct over the figures accomplished in the same interval of 2020.The exploitation costs of the company in the first nine months rose to 231.9 million RON, by 23 pct higher than the ones reported on September 30, 2020.IAR Brasov will have on September 30, 2021 assets worth 307.77 million RON and its own capital worth 219.2 million RON.IAR Brasov is an aeronautical company the activity of which started in 1925. Re-established after 1968, it cooperated mainly with western companies, such as Aerospatiale and Turbomeca in France, Britten Norman in the United Kingdom.Since 1970, IAR Brasov became the sole helicopter manufacturer in Romania, both military and civilian. Starting with 1978, it remains the only producer in the world of the military version of the Puma helicopter, the licensing contract of which started in 1974, the Puma model being licensed from Aerospatiale.IAR Brasov has produced and delivered more than 360 Puma and Alouette III helicopters under Aerospatiale license (presently integrated into Airbus Helicopters, formerly Eurocopter SAS), 830 gliders and motorized gliders, as well as 136 light aircraft of own design.Presently, IAR Brasov is a unit specialized in maintenance, repairs and capital repairs for Puma and Alouette III helicopters. (Photo:https://www.iar.ro/)
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
