The Bucharest Stock Exchange (BVB) recorded declines of almost 3% across nearly all indices on Thursday's session, around 12:50 PM, with transactions totaling 2.63 billion lei (529.8 million euros).The main BET index, which tracks the performance of the 16 most liquid companies, was down 2.75%, reaching 16,300.37 points, while the BET-Plus index, which tracks the 37 most liquid stocks at BVB, decreased 2.68%.At the same time, the extended blue-chip BET-XT index, which tracks the 25 most liquid titles, lost 2.50%, and the investment fund performance benchmark, BET-BK, depreciated 2.93%.The BET-FI index, representing SIFs, was down 1.35%.The BET-NG index, which includes the 10 companies in the energy and utilities sectors, dropped 2.37%.Prime Minister Marcel Ciolacu announced on Thursday, via his Facebook page, that PSD is withdrawing from the discussions for forming the Executive and will vote in Parliament for a right-wing government.
Hidroelectrica, the largest energy provider in Romania, announced on Thursday, June 26, that it had awarded the tender for a floating photovoltaic panel system within the “Nufărul Pilot Project.” The public procurement was initiated through an open tender, with an estimated value of RON 47.2 million (EUR 9.5 million) excluding VAT. Two economic operators submitted […]
Bucharest is set to bring back its tourist bus service, following a decision by the city’s General Council on Wednesday, June 25, to establish a dedicated public transport line called “Bucharest City Tour,” Agerpres...
Romania has made limited progress in enhancing its framework against money laundering, terrorist financing, and proliferation financing, according to a recent report from the Council of Europe’s committee of experts on the evaluation of anti-money laundering measures and the financing of terrorism, or Moneyval. The committee noted that the country has taken several steps to […]
Romanian technology company AROBS Transilvania Software (BVB: AROBS) announced the expansion of its presence in the US market through the strategic acquisition of a majority stake in technology consulting firm Codingscape. Announced on Thursday, June 26, the deal involves AROBS acquiring 70% ownership of Codingscape, a company known for its expertise in technology consulting, custom […]
Local officials in Iași, eastern Romania, announced on Wednesday, June 26, the completion of a EUR 60 million tender for the construction of a new tram and bus depot. According to the mayor, the facility will be built to be energy independent. Iași mayor Mihai Chirica noted that there were three bids and that the […]
Bucharest's General Council (CGMB) approved on Wednesday, June 25, the partnership agreement for the development of subway line M7, a major public infrastructure project aimed at connecting Bragadiru to Voluntari. The agreement brings together Bucharest’s District 5 and District 2 City Halls, the Ministry of Transport and Infrastructure, the subway operator Metrorex, and the Ilfov […]
