Power distribution and supply company Electrica was approved for inclusion in the FTSE Global Equity Index Series (GEIS), and will effectively join the FTSE Russell indices starting with the March 18, 2024 trading session, the company said in a report submitted to the Bucharest Stock Exchange.The indices committee of global provider of benchmarks and indices FTSE Russell confirmed on Tuesday evening that Electrica shares comply with all the criteria for inclusion in the FTSE Global Equity Index Series, respectively FTSE All-World, FTSE Global All-Cap and FTSE Global Total-Cap. By total capitalization, Electrica shares fall in the Mid Cap category.December 2023 marked an all-year best for Eectrica shares, as the issuer managed to meet the FTSE Russell monthly free-float requirement in the first 10 meetings out of 10, simultaneously with recording the best monthly yield, of 17.4 percent, which marks the best aggregate return (including the dividend) since the beginning of the year, at 43.4 percent, surpassing even the BET-TR (39.9 percent).Also in December 2023, Electrica shares hit a two-year peak of RON 11.56, also topping two psychological thresholds in one month, of RON 10 (face value) and RON 11 (listing price). The last time Electrica shares had closed above RON 10 was on February 23, 2022 (RON 10.04), and the most recent closing above RON 11 dates from January 12, 2022 (RON 11.02). In December, Electrica shares recorded the highest monthly turnover in over 3 years, of 5.9 million shares.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
