Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, reported consolidated revenues of RON 42.7 mln (EUR 8.6 mln) in the first three months of 2022, 22% more compared to the same period of the previous year. It also reported RON 4.6 mln (EUR 0.92 mln) EBITDA and RON 1.2 mln (EUR 0.24 mln) net profit. "The results for the first three months of 2022 are positive, given the difficult market environment caused by the war in Ukraine and the inflationary environment. Turnover exceeded the all-time high previously recorded in 2021 after an outstanding 61% YoY growth. EBITDA remained at the historical level of last year, and the net profit registered a decrease of 39% compared to Q1 / 2021," the company commented. Promateris' market capitalisation was RON 416 mln (EUR 83 mln) on May 17.
Romanian director Tudor Giurgiu returns to the United States this month to promote his latest feature film, Libertate/Freedom. Scheduled for May 4-13, the tour starts in Los Angeles, passes through Atlanta, and ends in New York. The film will be screened as part of the South East European Film Festival in Los Angeles on Saturday, May 4, […]
The Romanian Ministry of Foreign Affairs (MAE) announced on May 1 that, following the efforts of the Interinstitutional Crisis Cell through the Romanian Embassy in Cairo and the Romanian Representative Office in Ramallah, nine Romanian citizens and their family members were evacuated from Gaza Strip and reached the territory of Egypt through the Rafah border […]
Over the past three months, dozens of members and heads of regional organizations or even party candidates have left the far-right party AUR, accusing its authoritarian leadership, G4media.ro reported. Other...
Clotilde Armand, the candidate of the United Right Alliance (ADU) for the mayor seat in Bucharest’s District 1 and the district’s incumbent mayor, is rated at 37.3% of the votes, according to an IPSOS survey carried out for Clotilde Armand. Armand is followed by the candidate of the ruling coalition formed by Social Democrats and […]
The law that regulates investment in offshore wind energy projects will enter into force on May 30, after the bill was promulgated by the president of Romania, Klaus Iohannis, the Ministry of Energy announced on April 30. However, the key details, including the royalties, will be set and approved by the government by mid-2025. “Romania […]
Hidroelectrica (BVB: H2O) is close to resuming works and completing the Bumbesti-Livezeni hydropower complex after the government waived this year (again) the environmental impact study for the project by declaring it as a project of national interest and public utility, according to
