The Bucharest Stock Exchange (BVB) Group reported a consolidated net profit of RON 5.48 million for Q2 2024, up 244 percent from the RON 1.59 million recorded in the same quarter of the previous year, and 85 percent higher than in Q1 2024.BVB Group's consolidated net profit in H1 advanced 152 percent to RON 8.44 million, and its consolidated operating profit reached RON 7 million, by RON 6.85 million more compared to the previous period, mainly due to the positive evolution of revenues in all of the group's business segments.As of June 30, 2024 the group's total consolidated assets amounted to RON 246.53 million, up 4 percent or by RON 9.40 million compared to December 31, 2023.Current assets stand at RON 128.29 million, 8 percent down from December 31, 2023, as a result of liquidity reinvestment in long-term government securities.BVB Group's equity amounts to RON 172.82 million, 3 percent down compared to the beginning of the year.
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
