Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Profit of Romania's chemical group Chimcomplex collapses amid...

Profit of Romania's chemical group Chimcomplex collapses amid high energy cost

March 6, 2024

The profit of Romanian chemical group Chimcomplex (BVB: CRC) collapsed by 71.5% y/y to RON 76 million (over EUR 15 million), according to the preliminary results published by the company.

"We are above indicators in a context where the European chemical industry is facing its most severe economic recession in the last 6 decades: demand is decreasing, investments are moving to other regions, and energy and gas prices are 400% higher than in the USA, China, and the Arab Countries," said...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/chimcomplex-profit-down-high-energy-costs-2023
Read in full - click here
Funky Buddha opens first store in Romania at Bucharest mall

Funky Buddha, the flagship brand of Greek group Altex S.A., is entering the Romanian market with the opening of its first standalone store in Bucharest’s ParkLake Shopping Center. The new location, set to open in mid-April, marks the brand’s physical retail debut in the country after previously being available through a local multibrand store. The […]

Danube Delta wins “Destination of the Year 2025” title in Romania

The Danube Delta, in Tulcea County, has won the Grand Prize at the “Destination of the Year 2025” Gala, one of the most important competitions for tourist destinations in Romania. The win was decided after a public vote expressed online, amassing hundreds of thousands of votes, and on the vote of a jury composed of […]

NBI launches the rental division - NBI Rentals

North Bucharest Investments – NBI, a leader in premium real estate consultancy, has launched its rental division – NBI Rentals, which has a portfolio of over 400 apartments and houses. NBI Rentals has a team of over 20 consultants, experienced in property management and in creating effective relationships between owners and tenants, a team that […]

Romanian startup TelePaws brings on new investor and eyes expansion to Italy, Spain, Middle East

TelePaws, a Romanian veterinary telemedicine platform founded in 2024, completed an investment round including both capital and strategic expertise, marking the entry of entrepreneur Răzvan Costea-Bărluțiu as a strategic investor and Chief Technology Officer (CTO). The investment was not disclosed, but the startup said the deal supports its international expansion plans and the accelerated development […]

The expat challenge – cultural diferences or mental patterns?

You came to Romania for a reason — a new role, a bigger challenge, a fresh start. You’ve adapted to the logistics, found your rhythm, maybe even started enjoying the balance between work and life here. But beneath the surface, there’s something you didn’t quite plan for: the invisible pressure of performing in a different […]

Romania to clarify Visa Waiver delay with US Homeland Security, interim president says

Interim president Ilie Bolojan expressed confidence on Tuesday, April 8, that Romanian institutions will soon clarify with the US Department of Homeland Security the issues related to the suspension of visa-free travel for Romanian citizens.  Speaking during a press conference at the Cotroceni Palace in Bucharest, Bolojan emphasized that the lifting of visa requirements is […]