Romanian company Hidroelectrica, a leader in the production of 100% renewable energy, was listed on the Bucharest Stock Exchange - BVB on July 12, following the largest IPO ever conducted in Romania: USD 2 billion. The Hidroelectrica IPO is the sole one from the European Union to make it in the top 5 biggest of the year.
An initial public offering, or IPO, is the process of offering shares of a private corporation to the public in a new stock issuance for the first time.
IPOs have...
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 […]
Interim president Ilie Bolojan decorated Romanian star handball player Cristina Neagu with the Order "Faithful Service in the rank of Knight" during a ceremony on Monday, May 12. During the service, the official noted that Neagu gave Romanians many moments in which to feel proud. He also said that the athlete’s character, discipline, and courage, […]
The Praid Salt Mine, in central Romania, is still closed to tourists due to the flooding that took place following last week’s rains. Salt extraction activities are also halted due to the risk of collapse, while efforts are underway to remove the water accumulations. The management announced last week that the salt mine is temporarily […]
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
