About 180,000 investors were at the Bucharest Stock Exchange (BVB) at the end of last year, an increase of 50% compared to the previous year, 20% being investors in government bonds, and about 15,000 entered with the listing of Hidroelectrica, stated on Wednesday Cosmin Paunescu, head of the Prudential Supervision Service within the Financial Supervision Authority (ASF)."We ended 2023 with 180,000 investors, according to the Investor Compensation Fund, an impressive increase, from 120,000 investors a year earlier. About 20% are in government bonds and around 15,000 entered together with Hidroelectrica," Paunescu told the "Investor Forum - 2024: Challenges and opportunities of the year", organized by Bursa newspaper.According to him, the number of active investors was 80,000 at the end of last year, compared to 40,000 investors the previous year. He explained that active investors are those who made at least one transaction every six months."The interest is increasing, even if it comes on the side of ETFs [exchange-traded funds] or on the side of government bonds, which are a very flexible investment instrument and offer very good returns, even better than banks," Cosmin Paunescu also said.He emphasized that government securities represent an important contribution of the Ministry of Finance for the development of the BVB and, once investors enter government securities, they will also be attracted to other financial instruments.
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
Only 145 companies in Romania, out of more than 800,000 active businesses, managed to grow their revenues and remain profitable every year between 2008 and 2024, according to an analysis published by business intelligence platform Termene.ro. The study found that these firms, representing just one in every 5,500 companies (or 0.02% of the total), generated […]
The secretary-general of the Organization for Economic Cooperation and Development, or OECD, Mathias Cormann, was on a visit to Romania on Monday, September 15. The representative had talks with president Nicusor Dan and prime minister Ilie Bolojan, after which he said that Romania may succeed in joining the organization in 2026. Founded in 1961, the […]
Romania’s anti-corruption prosecutors have indicted Timișoara Airport’s former general manager Iulian Daniel Idolu and five board members on charges of abuse of office, alleging they illegally extended Idolu’s mandate without a competitive selection process. The National Anti-Corruption Directorate (DNA) said Iulian Daniel Idolu, who served as general manager of “Traian Vuia” Timișoara...
Romanian car rental company Klass Wagen said that it launched the Autozentrum brand and opened its first subsidiary in Germany, becoming the first Romanian company to sell used cars on the German market. The move marks the beginning of the Klass Wagen Autozentrum European network, through which the group intends to sell used cars directly […]
