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%.
Local authorities in Hunedoara announced investments worth RON 200 million for the King’s Road, which connects the spa resort Vața de Jos, in Hunedoara County, and the Royal Castle at Săvârșin. The road was built in the post-war period by order of King Michael I of Romania and was paved with cobblestone. Now, the authorities […]
Justice Minister Radu Marinescu (PSD) told Antena 3 that the prime minister's proposal to amend the law on magistrates' pensions represents "a starting point", but stressed that the Ministry of Justice has not drafted a bill to this effect, Bursa reported. Marinescu recalled that there is...
Romanian PM Ilie Bolojan warned of systemic irregularities in the country’s disability pension system, noting that nearly 1 million people currently receive such benefits, G4Media reported on July 29. The prime minister said the...
Romanian tech company Visual Fan (BVB: ALW), a developer of consumer goods (mobile phones primarily), goods that expanded various business lines, including EV imports and renewable energy projects development, announced that it signed a EUR 16.6 million contract for developing a power storage unit for Eurowind Energy. The company's shares rose by 3.5% on July […]
Vodafone Romania will take over most of Telekom Romania Mobile Communications (TKRM) after the Competition Council approved the transaction, while Digi Romania will acquire selected assets, the regulator announced on July 29. TKRM is indirectly controlled by Deutsche Telekom. Vodafone Romania will acquire TKRM’s core assets, including employees, postpaid and business customers, retail stores, and […]
Romanian vlogger and entrepreneur Selly, founder of the Beach Please festival, announced an investment of tens of millions of euros in an integrated resort and entertainment complex named Niburu on the Black Sea coast, near Costinești. It will involve EUR 50 million in the first stage, and the next edition of the festival Beach Please, […]
