Antibiotice Iasi has reported a net business turnover for the first nine months of 2021 of 247.83 million lei, up 21% y-o-y, according to data submitted on Wednesday to the Bucharest Stock Exchange (BVB).The company says it is a world leader in the production of the active substance nystatin covering 55% of the international market.The value of its gross profit at the end of September was 18.68 million lei, at the same level as in the same period of 2020.In the first nine months of 2021, the value of medicines dispensed to patients in Romania was 15.3 billion lei (in distribution prices), up 18% from the same period of 2020.The value of its export of finished products was 60.02 million lei, as projected in terms of value and profit margin.Production churned out 244.7 million pharmaceutical items in the form of tablets, capsules, parenteral products, topical products (ointments, creams, gels), suppositories, ovules, biocidal products, by all three of its production divisions. In terms of value, the total production for the first nine months is 239.9 million lei.The investment planned for 2021 is worth 93.52 million lei, approved by the General Meeting of Shareholders on April 21, 43.02 million lei of which was budgeted for the first nine months, and 32.51 million lei actually invested as of September 30, 2021.Antibiotice S.A. started up in 1955 as the first producer of the active substance penicillin in Romania and South-Eastern Europe. It is currently the most important Romanian producer of generic drugs.Antibiotice's product portfolio includes over 150 medicines for human use in 11 therapeutic areas, veterinary medicines, the active substance nystatin, and biocidal products.Antibiotice Iasi has been floated on the Premium tier of the Bucharest Stock Exchange since 1997. The market capitalisation of Antibiotice as of September 30, 2021 was 381.32 million lei.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
