Romania’s stock market is recording one of the biggest gains in Europe, and investors are optimistic about the continuation of the trend, as more companies are expected to list on the stock exchange, reports Bloomberg. The BET index had a return of almost 40%, in dollars, in the last 12 months, the fifth best performance among the more than 90 stock indices tracked by Bloomberg. Even after the decline in August, the BET index is close to its all-time high, having risen in 13 of the last 15 months. The initial public offering, in the amount of 1.8 billion dollars, carried out last year by Hidroelectrica SA brought even more foreign investors to Romania. This also helped to revive the interest of local investors in the stock market, boosting valuations and the volume of transactions, even if the latter remains low compared to international standards. Although the growth rate of the Romanian economy has slowed down, estimates point to a recovery, thanks to interest rate cuts and the moderation of price increases. The improvement of macroeconomic perspectives adds to the bets that the capital market in Romania will be improved by MSCI, possibly even next year, to the status of an emerging market, from the current state of the frontier market.
Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romania’s Ministry of Investments and European Projects will introduce an open data type of reporting, with all 17,000 projects included in the EU-funded Recovery and Resilience Plan, or PNRR. The projects will be placed in a database indexable by location, type of beneficiary, or type of intervention, according to minister Dragoș Pîslaru. "We are talking […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
