Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, has announced net loss of RON6.88 million for the first six months of 2023, compared to a negative result of RON4.45 million in the same period of 2022, while its turnover plunged 13.7% on the year to RON10.1 million.
Furniture and home product retailer JYSK continues expansion in Romania with the inauguration of a new store in Ramnicu Valcea on Thursday, November 30, for a total of 138 in the country.
PayPoint continues to develop the digital payment segment and announces a new partnership with Meridian Taxi, one of the most important taxi companies in Bucharest, company representatives said in a press statement.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, posted more than EUR90 million revenue in the first nine months of 2023 and expects to end the year with about EUR120 million revenue, the company said.
Romania's eastern city of Iasi will be attracting private real estate investments of EUR500 million in the coming years, which will add to public infrastructure projects worth EUR1.2 billion announced by authorities, according to the participants in a debate organized by Romania Property Club (RPC).
Investors, either retail or institutional, have put in orders with their brokers to sell about RON300 million worth of Fondul Proprietatea (FP.RO) shares so far during a buyback offer, which has the potential to reach RON1 billion and ends at noon on December 5, data aggregated by ZF show.
Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release.