The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange (BVB), closed 2024 up 8.78% compared with the end of 2023. The BET closed at its highest end-of-year value since launch (16,720 points) but 11% below its all-time high of 18,800 points touched at the end of July.
On the last day of trading (December 30), the index lost 1.2% after the Government adopted an emergency ordinance that sets new taxes for some of the biggest...
Romania has become a full member of the Schengen Area at midnight, in the night between Tuesday, December 31, and Wednesday, January 1.Thus, after joining the free movement space with its air and sea borders, as of Wednesday, Romania also joined the Schengen area with its land borders.According to the General Inspectorate of the Border […]
Romania will hold repeat presidential elections on March 23 and April 6, 2025. The previous results were canceled due to large-scale cyberattacks and suspicions of external interference. The ruling coalition of Romania has established the dates for the repeat presidential elections following the Constitutional Court's decision to annul the results of the previous vote. […]
The budget deficit climbed to 7.12% of GDP after the first 11 months of 2024, compared to 6.19% of GDP after 10 months, or 4.58% of GDP in the same period last year, according to data released Tuesday by the Ministry of Finance."The execution of the general consolidated budget in the first eleven months of […]
The ministers of the Ciolacu Cabinet were sworn in on Monday evening before of President Klaus Iohannis, during a ceremony held at the Cotroceni Presidential Palace. The senators and deputies gave their vote of confidence to the Government led by Marcel Ciolacu, on Monday, in a joint session.240 votes "for" and 143 votes "against" were registered, […]
The president of the European Commission (EC), Ursula von der Leyen, sent on Sunday on the network X a message on the occasion of 35 years since the Romanian Revolution.‘35 years ago, the Romanians stood up for the right to choose their own destiny. Many gave their lives so that their children could be free […]
The National Commission for Strategy and Prognosis (CNSP) modified downwards significantly at 1% from 2.8% previously, the estimate for economic growth for this year, due to an accelerated decline of the activity, especially in industry and agriculture.On the supply side, the economy's growth was also affected this year by the modest results in construction […]
