Romanian real estate leasing company Practic [BSE:PRBU] said on Monday it recorded a net profit of 26.9 million lei ($5.8 million/5.4 million euro) in 2023, down from 37.8 million lei in the previous year. Practic's net turnover increased to 42.3 million lei last year, from 37.8 million lei in 2022, the company said in a statement filed with the Bucharest Stock Exchange, BVB. Practic attributed the growth in turnover to multiple factors, such as maintaining the occupancy rate of its streetside commercial spaces around the 98% mark, diversifying its tenant mix, and identifying solutions for renting out office buildings located in non-optimal areas. The company's EBITDA decreased to 34.3 million lei in 2023, from 48.5 million lei in the previous year. Practic owned totat assets worth 481.7 million lei at end-2023, making for a rate of return on assets of 5.58%, down from 7.61% a year earlier. Total liabilities stood at 44.8 million lei, for a solvency ratio of 10.75, up from 10.09 in 2022. Practic was founded in 1962 as a state-owned company that managed food stores in Bucharest. The company was privatised in 1990 and started trading on the BVB in 1996. Practic’s shares last traded on March 22, closing 10.43% lower at 1,030 lei on the Bucharest bourse.
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against […]
Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17. "Following the devastating explosion in District 5, entire families have been left without housing, and […]
RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17. The president of the Swedish group emphasized that Romania is setting an important precedent for the […]
Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to
In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report. The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries […]
Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]
