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.
SoNoRo Musikland, the chamber music festival celebrating the architectural heritage of Transylvania, has scheduled this year concerts in Sibiu and Copșa Mare, in addition to Cincu, Saschiz, Meșendorf, Criț, Viscri, Codlea, Făgăraș, and Brașov. This year's program spans 16 days and 23 events, comprising 16 concerts, two jam sessions, and five concerts for children held […]
The General Prosecutor's Office sent to trial former presidential candidate Călin Georgescu for promoting the cult of war criminals and spreading fascist, legionary, racist, and xenophobic ideas, News.ro...
DP World has inaugurated the first drive-through cargo scanner in Central and Eastern Europe at its RO-RO terminal in the Port of Constanța. According to the company, the new system significantly cuts truck inspection times, boosting trade efficiency across the region. The high-tech scanner reduces inspection times for import and transit trucks from up to […]
Quality of life and social well-being slightly improved in Romania in 2024, while it stagnated or declined in the majority of the countries globally, according to the Social Progress Index, measured in 170 countries worldwide by the non-profit organization Social Progress...
Intelligent process automation solutions provider FWF, part of the AROBS Group, has been recognized by Romanian-born unicorn UiPath, a global leader in agentic automation, as an Agentic Automation Fast Track Partner, joining an elite group of UiPath partners. The distinction recognizes FWF by AROBS’s commitment to being at the forefront of innovation in enterprise automation, […]
Only 27.7% of Romanians had basic digital skills in 2023, below the EU average of 55.56%, according to the Digital Decade 2025 Country Report – Romania, conducted by the European Commission. In Romania, the authorities responsible for building a digital skills framework for public...
