Biofarm recorded in 2023 a net profit worth 77 million lei, up 9% from the previous year, and a turnover of about 280 million lei, according to preliminary unaudited results released the company released on Thursday."In 2023, we have successfully implemented cost optimisation strategies, focusing in particular on two of the company's values: performance and care for the end consumer. Thus, we managed to identify efficient ways to control our expenses, even in the context of rising raw material and packaging prices," said Biofarm CEO Catalin Vicol.According to him, the Consumer Healthcare category in Romania is becoming more and more competitive year by year, with a slight decline in volumes in 2023 compared to 2022."Nevertheless, we ended 2023 managing to consolidate our position on the market, with a positive evolution of the volume market share and to contribute positively to the quality of life of patients and consumers in Romania," added Catalin Vicol.According to the source, Biofarm continued to consolidate its market share in the Consumer Healthcare (CHC) segment and ended 2023 in second position in terms of number of units sold.Biofarm has two medicine factories in Bucharest and a product testing and development unit, and its portfolio of over 100 products covers the most important therapeutic areas in the Consumer Healthcare division (digestive & metabolic, respiratory & ENT, cardiovascular & circulatory, nervous system).Biofarm is one of the leading Romanian manufacturers of medicines and dietary supplements. For 100 years Biofarm has been alongside Romanian specialists in the race to discover the best solutions for maintaining human health.Currently, Biofarm is one of the top 10 manufacturers on the Romanian pharmaceutical market, a dynamic and highly competitive market. Biofarm has a competitive product portfolio covering more than 65 therapeutic areas and continuously invests in media, commercial and marketing campaigns to promote its products.
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 […]
