The large state companies listed on the Bucharest Stock Exchange (BVB) currently have a cumulative capitalization of almost 110 billion RON (rd 22 billion EUR), compared to 26 billion RON 10 years ago, BVB president Radu Hanga told Wednesday's event celebrating the tenth anniversary of Electrica's listing on the BVB."In the meantime, the listing of Hidroelectrica, among others, happened, but even beyond that, we see a fourfold increase in the capitalization of companies in which the state is an investor on the stock exchange, and we also see a doubling of the presence of state companies on the Bucharest Stock Exchange. The share of state companies has increased from 25% to almost 50%. Of course, the energy sector and the utilities sector are the best represented," said Hanga.He emphasized that the stock market is the place where the interest of the state, that of developing the economy, intersects with the interest of companies and private capital."It is no coincidence that the term public company is used both to designate state companies and to designate companies listed on the stock exchange. It is somehow a link between the stock market and the public domain. The stock market, after all, is the place where the state's interest of developing the economy intersects with the interest of companies and private capital," added the BVB president.
Jaqueline Cristian is the first Romanian player to qualify for the second round of the 2025 Australian Open. She claimed a hard-fought victory against Croatia's Petra Martic in the first round on January 13, winning in three sets 6-2, 4-6, 7-6 (10/7). Monday's match lasted two hours and 35 minutes, according to
Romanian authorities in the seaside town of Costinești, on the Black Sea coast, have commissioned the widening of the beach to about 100 meters in width and 2.7 kilometers in length, with new breakwaters to protect against storms. In total, five breakwaters will help the resort deal with tides, currents, and waves. Moreover, after the […]
The Consulate General of Romania in Los Angeles, western United States, will resume activity after authorities stated that the area is safe from further fires. Despite the return to normal, new evacuation warnings are not ruled out if the situation requires it, according to Romanian officials. Large-scale wildfires raged through the famous city, burning down large […]
Low-cost carrier Wizz Air announced a new international route connecting Romania’s Cluj-Napoca to Castellón, Spain. Tickets are available on the airline’s website and mobile app, with fares starting at EUR 19.99 (RON 99). The new route will begin operations on April 11, 2025, with flights scheduled on Mondays and Fridays. Starting June 16, flights will […]
Bucharest's National Arena brought in roughly EUR 1.2 million in revenue in 2024, hosting a total of 43 events, mayor Nicușor Dan announced. The events hosted by the capital city's main arena last year included 28 domestic and international football matches, as well as three major concerts featuring globally renowned artists such as Coldplay and Ed […]
Several tens of thousands of people, according to AUR estimates as many as 100,000, participated on January 12 in a rally in Bucharest organized by the nationalist party Alliance for the Union of Romanians (AUR) against the annulment of the result of the first round of the presidential elections. It was the second rally after […]
