The Bucharest Stock Exchange (BVB) Group reported a net profit of RON 2.96 million for the first quarter of 2024, by 68 percent or RON 1.2 million higher from the prior year period, amid the upward dynamics started in 2023 after the listing of energy company Hidroelectrica, but also due to ongoing projects, show the consolidated financial results released on Thursday.BVB Group's consolidated operating profit in Q1 2024 reached RON 2.25 million, up by 132 percent year-on-year, as a direct effect of the revenues achieved in the transactions segment, and also backed by the positive trend of revenues in the post-transaction and register segments.Consolidated operational revenues increased by 34 percent or RON 4.4 million year-on-year to RON 17.25 million, mainly due to developments in the trading activity, with a direct impact also on the post-transaction business; this had a lasting positive effect on trading and settlement volumes, starting in H2 2023, with the listing of Hidroelectrica.Consolidated operating expenses were 26 percent up in Q1 2024 to RON 15 million, as a result of the growing inflation, the increase in personnel expenses determined by the enforcement of the Group-wide pay policy, as well as in third-party service expenses and other operational expenses, following the implementation of the projects approved at Group level.The consolidated net financial income was RON 1.27 million in Q1 2024, up 11 percent compared to Q1 2023, mainly as a result of the Group-wide increase in interest income, while provision expenses from expected credit loss were higher due to the increase in the CDS rate, but also in financial placements and cash assets.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
