The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) will work together to review the Romanian market's corporate governance code, aligning it with recent regulatory changes and updated global standards.According to a joint press release issued on Thursday, this joint initiative is designed to help listed companies improve their governance and reporting quality, by aligning with EU regulatory changes affecting governance structures, the latest G20/OECD Corporate Governance Principles and best practice in the field."The updated code is expected to provide guidance on emerging issues in governance and reflect the evolving priorities of stakeholders and enhancing their corporate resilience in a rapidly changing world," reads the statement.The revised version of the Code is meant to be released by the end of 2024, so the first year of reporting compliance with the new Code is 2026 for the financial year 2025. The process of reviewing the Code will take into account the input and insights of all market participants.
The city of Timişoara, in western Romania, and the World Monuments Fund (WMF) signed on Thursday, October 17, the memorandum of understanding for the rehabilitation of the Fabric Synagogue. The synagogue is the only historical monument in the country that the New York-based WMF included in 2022 on the list of cultural sites whose preservation […]
The biggest contributor to burnout – and we do have a burnout epidemic across the world nowadays – is work stress. Many people believe it’s mainly their fault, that it’s in the way they do things, their personality, or something very personal indeed. They couldn’t be more wrong. Because the single most impactful factor in […]
Over 300 guitarists from across the country are gathering in Timișoara, western Romania, to simultaneously perform 17 songs alongside several well-known artists within the Timișoara Guitar Day – One City. One Day. One Guitar Love event. The moment is scheduled for Saturday, October 19, at 4:00 PM at Faber, Splaiul Peneș Curcanul 4-5, Timișoara, with […]
Wizz Air announced it was opening its temporary base in Chişinău, in Moldova, and will offer direct connections to 16 destinations next winter, including eight new routes. The airline is offering non-stop flights between Chişinău and Berlin, Bologna, Brussels Charleroi, Dortmund, Memmingen, Paris Beauvais and Verona, as well as the new route to Nuremberg. In […]
Romania’s executive recently approved the acquisition of 58 new short-distance trains, RE-R2 and RE-R3, with 200 and 160 seats respectively, in contracts totaling RON 3.3 billion (EUR 683 million). Prime minister Marcel Ciolacu announced the approval of the purchase. "We are approving a major investment project that connects large urban centers via modern rail transport. […]
Romania is a strategic tech hub for the operations of the Brazilian technology multinational Stefanini in Europe, the Middle East, and Africa. Farlei Kothe, newly appointed CEO of North America, EMEA, and APAC, shares more on the company's expectations for the year to come, how its growth strategy informs its recruitment plans, and its work […]
