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%.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
