The listing of companies on the Bucharest Stock Exchange (BVB) represents an extremely important factor for the consolidation and development of the local capital market, but also for the stability of the Romanian economy, according to a press release from the Financial Supervisory Authority (ASF).ASF reminds, in the context, that it is running an extensive process of modernization of the regulatory framework, which will lead to the consolidation of the role of the capital market at the level of the national economy, and places special emphasis on the implementation of the provisions included in the National Strategy regarding the development of the capital market in Romania for the period 2023-2026."The success of Hidroelectrica's listing constitutes a firm impetus for the entry of new players into the stock market, the capital market needing, in order to develop healthily, strong and fair competition," said Alexandru Petrescu, the president of the ASF, in the quoted press release.Hidroelectrica recently marked one year since its listing on the BVB, the largest initial public offering (IPO) in the history of the local stock exchange, an approach that significantly contributed to increasing confidence in the potential of the capital market. The admission to the stock market of the energy producer attracted investors, retail and international, from all corners of the world and strengthened the BVB's position as an important player in the region.According to the cited source, Hidroelectrica's presence at the BSE encouraged other Romanian companies to consider listing, increasing the liquidity and diversity of the capital market. The successful listing of the energy producer is a strong argument for continuing to support single listings, ASF representatives believe."The listings are also important from the perspective of attracting investors to Romania and show that the Romanian market can lead to success stories in financing. The listing on the Romanian market brings greater exposure of Romanian companies and from the perspective of the image," stated Gabriela Horga, deputy chair of ASF, coordinator of the Financial Instruments and Investments Sector.One of the concrete steps taken by the Authority to improve the conditions for listing on the capital market or for attracting capital was the introduction of provisions related to the reduction of the term for exercising the right of preference or the process of registering an increase, in the draft amendment to the Law 24/2017 regarding the issuance of financial instruments and market operations, approved by the ASF Council and sent to the Ministry of Finance.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
