Comelf reported for the first semester of this year a net profit of 1.948 million RON, rising by 61% from the same period of last year, according to a report sent to the Bucharest Stock Exchange (BVB).The company's revenues were worth 67 million RON after the first 6 months of this year, when comparing with 64 million RON during the first semester of 2020, rising by 5%, evolution determined by the advance of products' selling price, based on the increase of raw material price.The company had total expenses of 64.182 million RON during the first semester, higher by 3.67% from the first semester of 2020. The report mentions that these have gone up, when comparing with the first semester of 2020, in a proportion smaller than the rise of the revenues, influenced only by the price of raw materials, at an accelerated rate. Other expenses registered a drop, which managed to compensate the increase of the raw materials costs, based on a conservative management of all company's commitments on the side of costs.Comelf reported a profit before the corporation tax of 2.207 million RON, up by 61%. The company's gross result was influenced favorably by the company's costs, other than those with the raw materials, which registered a drop, so that a balance can be maintained between revenues and operational costs, with the purpose of a satisfying profitability, increase of the revenues, based on the increase of the cash price, with the purpose of an optimal recovery of the raw materials costs.Comelf is a manufacturing company in the car construction industry and its objective is manufacturing equipment for energy units and environment protection, metallic structures in the area of renewable energy (source: water, wind and sun), cars and earth-moving vehicles or subsets of these, equipment for lifting and transport machinery, including their components. The manufacturing takes place in 6 production buildings, on a total surface of 80,824 square meters, equipped with machinery, installations, tools for mechanic processing, laboratories and utility networks for carrying out the production processes.
Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]
“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]
Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla. With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]
Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]
The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]
Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager. Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]
