Biofarm, one of the biggest producers of drugs and food supplements in Romania, had an increase of the net profit of 22%, 36.4 million lei, while the net income from sales achieved in the first part of the year increased by 14%, 117.98 million lei. In Q1, the share of export sales was approximately 2.1% of the total net sales of Biofarm. The company products were exported to five countries: the Republic of Moldova, Hungary, Russia, Ukraine and Azerbaijan. For 2021, Biofarm SA proposes to increase the market share, to increase the efficiency of the operational activity and to consolidate the competitive advantage of the products portfolio, with a view to increasing the profit quota. As such, the pharma market has a positive evolution, described as increasing competition, massive investment in the media and the existence on the market of international producers of OTC and food supplements. Biofarm was set up in 1990 and it is one of the biggest producers of drugs and food supplements in Romania. It is the biggest Romanian producer of soft capsules, among the first three Romanian producers of solutions and suspensions for oral administration and one of the biggest producers of pills in Romania. The company has over 200 products in its portfolio and covers over 60 therapy areas. For nine out of the 60 therapy areas, Biofarm is the market leader. Biofarm has a capitalisation of 605 million lei. SIF Muntenia owns 51.57% of the shares, and SIF Banat Crisana 36.74%.
Cris-Tim Family Holding (BVB: CFH), the market leader in cold cuts and ready meals in Romania, reported revenues of RON 853.1 million (EUR 170 million) for the first nine months of 2025, a 3% y/y increase, supported by 5% growth in the Cold Cuts segment and a strong 21% advance in ready meals. Profitability improved […]
Romania’s Fiscal Council expressed cautious optimism that the fiscal measures adopted in the second half of 2025 could reduce the budget deficit to around 6.5% of GDP in 2026, according to its assessment of the second budget revision approved by the government. The Council stated that such an outcome would represent a significant improvement from […]
Romania’s public debt increased by another RON 14 billion (EUR 2.8 billion) in August after the RON 30 billion leap in July, to reach RON 1.084 trillion (EUR 213.8 billion) at the end of the month, according to data published by the Finance Ministry. After the Treasury raised nearly EUR 5 billion with FX bonds […]
The Conservation Carpathia Foundation has been awarded the Order of Merit of Germany for its long-term conservation work in Romania’s Făgăraș Mountains. Its executive directors, Barbara and Christoph Promberger, received the distinction from president Frank-Walter Steinmeier during an official ceremony held on December 1 at Schloss Bellevue in Berlin. The ceremony honored 20 individuals whose […]
Romania has chosen its first team to compete in the prestigious Bocuse d’Or Europe culinary competition, marking the country’s official entry into the global Bocuse d’Or circuit. Chef Vasilică Bejenaru, together with coach Liviu Preda and commis Andrei Fabian Lupoi, won the inaugural National Selection held last week in Brașov. The team will represent Romania […]
President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
