Traditionally, summer has always generated new, alternative spaces for showing films, and generally more diverse screenings: documentaries, fiction, hybrid, features, many shorts. We have already covered some for you
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.
Traditionally, summer has always generated new, alternative spaces for showing films, and generally more diverse screenings: documentaries, fiction, hybrid, features, many shorts. We have already covered some for you
Tarom, the state-owned Romanian airline, estimates that it will register a net profit of RON 278 million (EUR 55.9 million) in 2024, after losses of RON 99.4 million (EUR 20 million) in 2023, according to this year’s revenue and expenditure budget. The company has been losing money since 2007. The airline’s management states in the budget […]
Dacia and Ford produced 292,378 cars in Romania in the first six months of the year, an increase of 8.66% compared to the same period in 2023, when 269,088 units were produced, according to data published on Friday by ACAROM – the Romanian Automobile Manufacturers Association cited by Economedia. ...
Romanian prime minister Marcel Ciolacu met with Hungarian counterpart Viktor Orban on Friday, July 26. The main discussion topics were the Budapest–Bucharest high-speed train and Romania’s full accession to the Schengen Area. "Today I had a pragmatic discussion with the prime minister of Hungary, Mr. Viktor Orban, on topics of mutual interest regarding our bilateral […]
The Executive Directors of the World Bank Group have approved a Development Policy Loan for Romania amounting to EUR 599.1 million, with a dual focus on economic and environmental sustainability. The loan will allow Romania to make reforms aimed at strengthening the country's fiscal framework, promoting green and inclusive economic growth, and stimulating private-sector investment. […]
Savor chef-crafted masterpieces at live stations while enjoying the beats of our live DJ. For over 20 years, JW Marriott Bucharest Grand Hotel has been the top brunch spot in Bucharest. Every Sunday from 12:30 PM, JW Steakhouse offers a gourmet haven with an extensive menu featuring USDA beef, seafood, French cheese, Italian pasta, and […]