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.
Romania’s electric car market dropped 58% in March compared to 2024, mainly due to the postponement of the implementation of the new Rabla Program and uncertainties regarding the voucher value for electric cars. As such, fully electric cars accounted for just 2.75% of total new car registrations last month. The registration figures, examined by Profit.ro,...
Former president Ion Iliescu and ex-prime minister Petre Roman will stand trial over their involvement in the 1990 miners' riot (Mineriada) case, the General Prosecutor's Office announced on Wednesday, April 2. The case concerns the violent repression of the protests against Ion Iliescu's regime in mid-June 1990, only six months after the 1989 Romanian Revolution. The...
The Holland & Barrett brand, a British chain of stores specializing in dietary supplements and vegan food and one of the largest companies in the health and wellness sector in Europe, is preparing to open its first own stores in Romania. The chain will enter the local market through the Greek company Fourlis, which also […]
Archaeologists from the Buzău County Museum, in southern Romania, have discovered 31 human settlements on the construction site of a wind farm. The region where the settlements were discovered was chosen for a new wind farm because of its favorable meteorological conditions, and annual tests were conducted as early as 2010. Construction work began in […]
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
