Aviation company Aerostar recorded in the first nine months of 2024 a net profit of 58.814 million RON, slightly down by 3.7% compared to the one obtained in the same period of 2023, of 61.09 million RON, according to the unaudited results sent to the Bucharest Stock Exchange (BVB) on Friday.The company's revenues amounted to 464.9 million RON, and expenditures to 397.77 million RON. The gross profit was, in the mentioned period, 67.16 million RON.From the turnover of 419.51 million RON achieved in the first nine months of 2024, the company sold products and services on the domestic market for 79.176 million RON, and on the foreign market for 340.334 million RON, equivalent."During the reporting period, Aerostar registered an upward trend of sales on the outlet markets. The share of exports in the turnover during the reporting period is 81%", the report sent to BVB reads.Until the end of September 2024, Aerostar made and put into operation investments worth 22.168 million RON.Aerostar, a company with over 70 years of experience in the aviation and defense industry, is a significant supplier of aerostructures, components, assemblies and hydraulic systems for global manufacturing programs. The equipment, assemblies and parts produced by Aerostar are part of a large number of commercial aircraft: Airbus A320, A321, A330, A350, Boeing B737, B787, B767, Gulfstream G650, Dassault F7X, Bombardier Challenger 600 series and Global 5000/6000.The company provides products and services in Europe, Asia, Africa, USA and Canada. In Europe it provides maintenance services for civil aviation, aviation products (landing gear systems, mechanical parts, assemblies and subassemblies), electronic equipment and ground equipment. In Asia and Africa it provides civil aviation maintenance services and in Canada - aviation products. In Romania, it provides repair services for military aircraft and repair of electronic parts and components for military aircraft, upgrades, integrations and maintenance for military aviation systems, systems and launchers repair services.Aerostar is listed on the Bucharest Stock Exchange's Standard category. The main shareholder is IAROM, with 71.49% of the shares.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
