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.
Hungarian filmmaker Béla Tarr (in opening photo) is one of the guests of this year’s Transilvania International Film Festival (TIFF), which is currently taking place in Cluj-Napoca. He will receive a Lifetime Achievement Award at the TIFF Awards Gala. Until then, audiences will have the chance to meet him at the cinema and attend a […]
With a continued commitment to innovation, sustainability, and affordability, Auchan Romania has received three major distinctions at the “Voted Product of the Year 2025” competition – the most prestigious recognition platform for innovation and performance among products, brands, and retail networks in Romania. In addition to being named Retailer of the Year in the Hypermarket […]
Roughly 72% of Romanians believe that their own actions have the greatest impact in building a sustainable future. At the same time, they acknowledge the essential role of companies (68%) and governments (66%) in achieving sustainability goals, according to the fourth annual edition of the National Barometer on Romanians' perceptions and behaviors related to sustainability […]
Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall. Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. […]
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
