The Bucharest Stock Exchange (BVB) opened Monday's trading session down on all indices, with turnover totaling 47.81 million RON (9.6 million EUR), after 35 minutes of trading.The main index BET, which shows the evolution of the 20 most liquid companies, registered a depreciation of 3.97%, while the BET-Plus index, which shows the evolution of the 43 most liquid shares of the BVB, registered a decrease of 4.10%.At the same time, the extended blue-chip index BET-XT of the top-liquid 25 issuers lost 4.12%, while the return benchmark index for stock investment funds BET-BK went down by 4.55%.The BET-FI index of the five financial investment companies opened down 3.67%, while the BET-NG index of 10 companies in the energy and utilities sector fell 3.45%.According to BVB data, COMCM (+8.15%) and Artego (+7.88%) recorded the highest increases in share value.On the other hand, the shares of Altur (-9.09%), Medlife (-8.44%) and Carbochim (-8.10%) were down. “We have to be concerned (due to the turbulence in the global markets – n.ed.), but not panic. For Romania, the bad part of such episodes of turbulence in the financial markets is that we are quite exposed, especially in light of the relatively high dependence on capital inflows to finance the budget deficit. A possible flight of capital to safer markets could leave us exposed in the short term,” Valentin Tataru, chief economist of ING Bank, told HotNews.ro. The Board of the National Bank of Romania (BNR) is scheduled to convene in a monetary policy meeting on August 7.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
