The Romanian stock market has reacted to the shock of the war in Ukraine, as it has around the world. However, the impact was smaller than the crisis generated by the outbreak of COVID 19 pandemic, and in the long term stock market indices have been on an upward trend. "Against the backdrop of political tensions between Russia and Ukraine, the evolution of the Romanian stock market deteriorated, but not to the same extent as in March 2020, when markets reacted to the economic and social uncertainties generated by the COVID-19 pandemic. Compared to the level recorded at the beginning of 2020, the Romanian stock market indices have had long-term upward developments, except for the two episodes of volatility in the financial markets caused by pandemics or the war in Ukraine", says the ASF Report on the evolution of the capital market in the first quarter of 2022. In the current inflationary context, unprecedented in the last 15 years, collective investment undertakings (CIUs) have opted for a recalibration of their investments, by increasing investments in equities at the expense of fixed-income forms of investment. "On the market as a whole, the consolidated investment structure of all collective investment undertakings indicates a preference for equities, whose total value is about 26.6 billion lei, reaching a share of about 56% of the total assets of UCIs. Investments in fixed-income financial instruments at the level of the whole market are worth 18 billion lei and represent about 37% of the total assets of UCIs. As of 31 March 2022, compared to the end of 2021, there is an increase in investments made in equities (0.22%) and a decrease in UCITS/AOPC securities (12%), bonds (11%), deposits and cash (2%) and government securities (16%)" highlights the analysis of the Financial Supervisory Authority. As regards the number and value of transactions on the Romanian capital market, there has also been an increase. As of 31 March 2022, Banca Transilvania (TLV) is in first place in the ranking of the most liquid companies whose shares were traded on the BVB on the main (Regulated) market, with a share of about 22% of the total value traded. OMV Petrom (SNP), BRD - Groupe Société Générale (BRD), Fondul Proprietatea (FP) and Medlife (M) ranked next in this top.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
