The Bucharest Stock Exchange (BVB) recorded declines of almost 3% across nearly all indices on Thursday's session, around 12:50 PM, with transactions totaling 2.63 billion lei (529.8 million euros).The main BET index, which tracks the performance of the 16 most liquid companies, was down 2.75%, reaching 16,300.37 points, while the BET-Plus index, which tracks the 37 most liquid stocks at BVB, decreased 2.68%.At the same time, the extended blue-chip BET-XT index, which tracks the 25 most liquid titles, lost 2.50%, and the investment fund performance benchmark, BET-BK, depreciated 2.93%.The BET-FI index, representing SIFs, was down 1.35%.The BET-NG index, which includes the 10 companies in the energy and utilities sectors, dropped 2.37%.Prime Minister Marcel Ciolacu announced on Thursday, via his Facebook page, that PSD is withdrawing from the discussions for forming the Executive and will vote in Parliament for a right-wing government.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
