Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, which they use for investments on the Bucharest Stock Exchange, among others, posted RON2.3 billion net profit in 2023, up 52% from the previous year, while revenue rose 36% to RON2.33 billion.
Netcity Telecom, the operator of the underground fiber optic network of Bucharest, ended 2023 with a 10% annual increase in turnover, to RON61.2 million (EUR12.3 million), in line with finance ministry data.
MedLife (M.RO) has informed the capital market on May 22 that Mihai Marcu, the company's Chief Executive Officer (CEO) and Chairman of the Board of Directors, on May 20 sold a total of 2.04 million M shares, at a price of RON4.42 per share, which totals over RON9 million, as per a stock market report.