Aerostar recorded, in the first nine months of 2023, a net profit of RON 61.096 million, down 17.3% compared to the same period last year, of RON 73.914 million, according to the financial data sent to the Bucharest Stock Exchange (BVB) on Friday.During the mentioned period, the company recorded a turnover of RON 361.523 million, an increase of 14% compared to the first nine months of last year. Export sales amounted to RON 295,507 million (227,192 in the period January-September 2022).Gross profit amounted to RON 67.729 million, down from RON 98.175 million in the first nine months of last year.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.Since 2000, it has been a company with full private capital, having its shares traded on the Bucharest Stock Exchange since 1998.The main shareholders are SC IAROM, with 71.4921% of the shares, and Evergent Investments, with 15.1737%. (Photo:https://www.aerostar.ro/militare)
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
