Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, reported consolidated revenues of RON 42.7 mln (EUR 8.6 mln) in the first three months of 2022, 22% more compared to the same period of the previous year. It also reported RON 4.6 mln (EUR 0.92 mln) EBITDA and RON 1.2 mln (EUR 0.24 mln) net profit. "The results for the first three months of 2022 are positive, given the difficult market environment caused by the war in Ukraine and the inflationary environment. Turnover exceeded the all-time high previously recorded in 2021 after an outstanding 61% YoY growth. EBITDA remained at the historical level of last year, and the net profit registered a decrease of 39% compared to Q1 / 2021," the company commented. Promateris' market capitalisation was RON 416 mln (EUR 83 mln) on May 17.
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
EUROPAfest 2025 will bring a special jazz experience to Bucharest this summer, transforming the Royal Palace into a stage for international artists between July 4 and 13. The festival opens with a series of concerts that highlight jazz traditions from around the world, with a particular focus on artists from Japan and Norway. The Opening […]
Passenger car registrations in Romania recorded the sharpest year-on-year decline in Europe in May, according to data published Wednesday, June 25, by the European Automobile Manufacturers Association, or ACEA, which represents the 16 major car manufacturers in Europe. Regionally, however, the situation is different, as the auto market in Europe returned...
Maidan, a company active in event catering, industrial catering and the development of its own gastronomic products, ended the year 2024 with a turnover of EUR 3.2 million, up 30% compared to the previous year. This evolution comes in the context of an unstable economic environment, but also of significant internal transformations. Investments for the […]
Danish renewable energy developer Eurowind Energy has announced a EUR 174.8 million investment to develop its largest solar park in Romania, located in Vișina, Dâmbovița county. The new solar facility will have an installed capacity of 220 MW, making it one of the largest solar projects in the country. The facility is expected to generate around […]
Wizz Air has announced an increase in flight frequencies on 14 popular European routes from Bucharest Henri Coandă International Airport starting in July. The additional flights will serve destinations including Malaga, Alghero, Billund, Bari, Basel, Memmingen, Heraklion, Larnaca, Lyon, Madrid, Malta, Milan Malpensa, Nice, and Nuremberg. Fares start from RON 79, available through the airline’s […]
