In the two years of pandemic, the increase of the Romanian capital market expressed through the BET-TR total return index (which also includes dividends) was 55 percent, and 39 percent when expressed through the BET index, the Bucharest Stock Exchange (BVB) informs in a release.According to data reported by the Investor Compensation Fund at the end of 2021, over 80,000 Romanians are trading on the Romanian stock market.Stock Exchange representatives explain that the volatility that gripped the international capital markets in January continued in February, with stock indices closing the month in slightly negative territory."The anxiety of international investors, triggered early this year by central banks' announcements about the rise in the key interest rates and the uncertainties caused by the coronavirus pandemic, has intensified with the escalation of military tensions between Russia and Ukraine," the statement reads.According to BVB representatives, the Romanian capital market has proven to be particularly resilient to uncertainties and has brought significant potential gains to the investors who chose to place their savings in the financial instruments listed on the Bucharest Stock Exchange.BVB CEO Adrian Tanase said that one of the most important lessons we have learned individually and collectively from this pandemic is that the Romanian stock market has the capacity to withstand shocks.At the end of the first two months of this year, the total trading value on the BVB Regulated Market for all types of financial instruments was 3.75 billion RON, the equivalent of 760 million euros, up 66 percent compared to the same period last year. The average daily liquidity was 93.7 million RON, or 19 million euros.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
