OMV Petrom, Romania’s largest company by turnover, reported sales worth RON26.7 billion in the first nine months of 2024, down 6% from the year-earlier period, while net profit rose by 54% to RON3.9 billion amid the elimination of the tax on refined crude oil.
Armchair and sofa manufacturer Italsofa Romania, the local subsidiary of Italian group Natuzzi, for 2023 reported turnover worth RON238.9 million (EUR48.3 million), down 29.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Hotel company ARO Palace, controlled by Transilvania Investments, has signed the franchise agreement with hotel chain Hyatt to transfer the ARO Palace hotel under the international brand.