The revenues of the National Forest Administration - Romsilva from hunting activities and from the sale of berries, truffles, mushrooms and medicinal plants amounted to about 35 million RON by the end of November 2023, according to data provided by the administrator of the state-owned forests.Thus, the highest amounts were collected from the sale of berries, over 10.548 million RON, and of trout for consumption, 10.566 million RON.In addition, 3.882 million RON were obtained from the sale of truffles, 3.834 million RON from the sale of medicinal plants and a further 224,988 RON from the sale of mushrooms.Last but not least, Romsilva received over 3.74 million RON from the organisation of hunting activities, 1.129 million RON from the sale of game meat and 969,020 RON from the sale of live pheasants.Romsilva manages 242 hunting funds, owns 27 directly productive herds, as well as three pheasant farms in Gherghita, Pischia and Ghimpati.The National Forest Administration estimates for 2023 total revenues of 3.65 billion RON, a turnover of 3.2 billion RON and a gross profit of 250 million RON. The main activity of the Administration is timber harvesting.For 2024, Romsilva forecasts a slight decrease in economic indicators compared to the previous year. Thus, total revenues of 3.5 billion RON, a turnover of 3.1 billion RON and a gross profit of 200 million RON are forecast for this year.Romsilva manages 3.13 million hectares of state-owned forests, about 48% of the country's forests, and provides forestry services for about one million hectares of forests under other forms of ownership.All state-owned forests are certified for forest management to international standards.Romsilva also manages 22 national and state parks and 12 state herds.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
