Zentiva drug manufacturer registered a net profit of 143.025 million RON in the first half of this year, 97.7% higher than the one obtained in the same period of 2023, according to the data sent to the Bucharest Stock Exchange on Friday.(1 euro = 4.9769 RON)The company's turnover increased by 22.3%, from 450.6 million RON in the first six months of 2023 to 551.3 million RON in the first half of 2024, mainly due to the increase in sales of goods by 24%.External sales represented 39.98% of the total turnover (220.38 million RON), compared to 51.65% in the period January-June 2023 (232.76 million RON). The external sales of medicines were made through a company within the Zentiva Group (Zentiva k.s.) and were mainly intended for the markets of the European Union.The share of OTC products (medicines sold without a prescription) in the company's sales was 4.2% in the first semester of 2024, compared to 3.6% in the same period of 2023.Operating expenses increased by 5.5%, to 406.8 million RON. The variation in operating income and expenses led to an operating result for the first six months of 2024 of 144.6 million RON, compared to 65.2 million RON in the first half of 2023.During the mentioned period, the investments were 20.1 million RON and aimed at new production equipment and the modernization of the existing ones.The company, previously known as Sicomed SA Bucharest, was founded in 1962 as the Bucharest Medicines Company (IMB). In 1990, Sicomed became a joint-stock company, by incorporating and taking over the entire patrimony of the former IMB. The main object of activity is the production and sale of preparations and medicines for human use.Zentiva shares are traded in the Standard Category of the Bucharest Stock Exchange since 1998. Zentiva Group a.s. owns 95.9486% of the company's share capital.
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
Alt.Real and RongoDesign have been named the winners of the 2025 Romania ClimAccelerator in the Seed Stage category, the organizers announced. The program is dedicated to supporting early-stage climate-focused startups. This year’s accelerator selected 25 startups split between two tracks: 10 in the Pre-Seed Stage for early teams with a validated idea and 15 in […]
This week, the EDIT association launched the mural “Write your story through sport,” dedicated to Olympic and world swimming champion David Popovici. The work, created by the Sweet Damage Crew on an area of approximately 400 sqm on Simion Bărnuțiu Street in Timișoara, is part of the Outline Streetart urban revitalization project and promotes sport, […]
