The Bucharest Stock Exchange (BVB) recorded increases of over 3% on the main indices after the Constitutional Court decided on Friday to cancel the entire electoral process of the presidential elections.The main BET index, which shows the evolution of the 20 most liquid companies, registered an appreciation of 3.63%, and the BET-Plus index, which shows the evolution of the 43 most liquid shares on the BVB, recorded an advance of 3.62%.The extended blue-chip index BET-XT, of the 25 most liquid stocks, was up 3.54%, while the yield benchmark for investment funds, BET-BK, rose 3.69%.On the other hand, the BET-FI index of the SIFs recorded an advance of 2.35%, and the BET-NG, the index of the 10 companies in the energy and utilities sector, registered an appreciation of 3.51%.The BET AeRO index, which includes 20 representative companies on the AeRO market, was up by 3.89%.
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
