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.
Romania’s acting minister of defence, Radu Miruță, has asked Parliament to grant prior approval for the signing of a framework agreement with Lockheed Martin for the training of F-16 flight personnel at the European F-16 Training Center (EFTC) hosted in Romania,
Former Social Democrat (PSD) transport minister Răzvan Cuc was detained by prosecutors from the National Anticorruption Directorate (DNA) on suspicion of complicity in bribery, the DNA announced on Tuesday, December 16. Cuc, a member of the Social Democratic Party who served as minister of transport in the governments led by Sorin Grindeanu (currently the leader […]
Regions across Romania will receive a financing boost as a result of a EUR 25 million loan that CEC Bank is receiving from the European Investment Bank (EIB). CEC Bank will channel the EIB credit into public-sector projects that promote sustainable economic development, particularly in Romanian regions where the shift to a greener industry is […]
Local authorities in Buzău aim to convert the nearby military airbase Boboc, 117 km northeast of Bucharest, into a secondary airport with dual military and civil use. The final decision will be based on Romania's security interests and requires multiple permits, the Ministry of Defence said, according to Adevarul.ro. ...
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
