The drug manufacturer Biofarm registered a net profit of 69.9 million RON in the first nine months of the year, up 6% compared to the same period last year, according to a company statement.The turnover increased by 10%, reaching 229 million RON, compared to 209 million RON in 2022. EBITDa reached 81.6 million RON during the mentioned period.In the first nine months of 2023, Biofarm occupied the 2nd place in the CHC (Consumer Healthcare) segment, in terms of the number of units sold. In terms of value, the company consolidated its sales to the final consumer, recording an increase of over 15% compared to the first nine months of 2022, compared to the purchase price in pharmacies.according to the source, the therapeutic areas with the greatest absolute increase in value in the first nine months of the year, in which Biofarm is active, were cold & flu, pain, magnesium-based supplements, digestion and nasal decongestants. The Biofarm brands associated with these therapeutic areas registered increases in their stock market share."The continuous development of new products, constantly adapted to the constantly diversifying consumer needs, represents one of the growth pillars of the Biofarm company. The company is also the volume market leader in the reference categories of eight of its brands: Bixtonim, Colebil, Triferment, Sennalax, Extravalerianic, Carmol solution, Carbocit and Nervocalmin. This balanced mix between long-lived brands and innovation is a strong differentiator for the Biofarm portfolio, positioning the company among the most relevant players in the CHC category," the release states.Biofarm is one of the first Romanian producers of medicines and food supplements, with a tradition of over 100 years. Currently, Biofarm is one of the top 10 existing producers on the pharmaceutical market in Romania and has a product portfolio that covers 65 therapeutic areas.
Romania won the gold medal in the first mixed 8+1 rowing event on Sunday, September 28, on the last day of the World Rowing Championships in Shanghai, China. The crew made up of Magdalena Rusu, Maria Lehaci, Andrada Moroșanu, Florin Lehaci, Florin Arteni, Ciprian Tudosă, Ștefan Berariu, Simona Radiș, and Victoria Petreanu had the best […]
The Reșița funicular system will be reconverted through a New European Bauhaus project and turned into a space for pedestrians and cyclists, with cultural, touristic, and urban mobility purposes. The cable railway system has been inactive for 30 years. Built at the beginning of the 1960s to transport limestone, the funicular will now be transformed […]
Bucharest hosts the ninth edition of Spotlight – International Light Art Festival, Romania’s largest urban light festival, between October 10 and 12, with over 20 installations from the country and across Europe. Themed “Symbiosis,” this year’s festival is curated by scenographer Adrian Damian, known for his multimedia stage designs and integration of new media art. […]
Romania’s blind football team, representing the municipality of Bucharest, won first place at the Central European Cities Cup, held in Prague from September 26 to 28. The national team won the trophy for the first time. To get first place, Romania defeated the teams from Lodz (Poland) 4–0, Ingolstadt (Germany) 6–0, and BSC Prague (Czechia) […]
Romanian ultramarathon runner Tibi Ușeriu will embark on a symbolic journey in October from Rome to Drobeta-Turnu Severin, retracing the historic route of the Roman legions as part of a campaign to promote Via Transilvanica, Romania’s long-distance cultural trail. Tibi joins his brother, Alin Ușeriu, who set off on June 12 to walk the entire […]
Cris-Tim, a well-known cold cuts producer in Romania currently operated by founders Radu and Cristina Timiș, announced its intention to launch an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). The offering, aimed at retail investors in Romania and institutional ones outside the United States, will consist of a package of existing shares, as […]
