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.
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
