The Bucharest Stock Exchange (BVB) opened Monday's trading session down on all indices, with turnover totaling 47.81 million RON (9.6 million EUR), after 35 minutes of trading.The main index BET, which shows the evolution of the 20 most liquid companies, registered a depreciation of 3.97%, while the BET-Plus index, which shows the evolution of the 43 most liquid shares of the BVB, registered a decrease of 4.10%.At the same time, the extended blue-chip index BET-XT of the top-liquid 25 issuers lost 4.12%, while the return benchmark index for stock investment funds BET-BK went down by 4.55%.The BET-FI index of the five financial investment companies opened down 3.67%, while the BET-NG index of 10 companies in the energy and utilities sector fell 3.45%.According to BVB data, COMCM (+8.15%) and Artego (+7.88%) recorded the highest increases in share value.On the other hand, the shares of Altur (-9.09%), Medlife (-8.44%) and Carbochim (-8.10%) were down. “We have to be concerned (due to the turbulence in the global markets – n.ed.), but not panic. For Romania, the bad part of such episodes of turbulence in the financial markets is that we are quite exposed, especially in light of the relatively high dependence on capital inflows to finance the budget deficit. A possible flight of capital to safer markets could leave us exposed in the short term,” Valentin Tataru, chief economist of ING Bank, told HotNews.ro. The Board of the National Bank of Romania (BNR) is scheduled to convene in a monetary policy meeting on August 7.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
