In the two years of pandemic, the increase of the Romanian capital market expressed through the BET-TR total return index (which also includes dividends) was 55 percent, and 39 percent when expressed through the BET index, the Bucharest Stock Exchange (BVB) informs in a release.According to data reported by the Investor Compensation Fund at the end of 2021, over 80,000 Romanians are trading on the Romanian stock market.Stock Exchange representatives explain that the volatility that gripped the international capital markets in January continued in February, with stock indices closing the month in slightly negative territory."The anxiety of international investors, triggered early this year by central banks' announcements about the rise in the key interest rates and the uncertainties caused by the coronavirus pandemic, has intensified with the escalation of military tensions between Russia and Ukraine," the statement reads.According to BVB representatives, the Romanian capital market has proven to be particularly resilient to uncertainties and has brought significant potential gains to the investors who chose to place their savings in the financial instruments listed on the Bucharest Stock Exchange.BVB CEO Adrian Tanase said that one of the most important lessons we have learned individually and collectively from this pandemic is that the Romanian stock market has the capacity to withstand shocks.At the end of the first two months of this year, the total trading value on the BVB Regulated Market for all types of financial instruments was 3.75 billion RON, the equivalent of 760 million euros, up 66 percent compared to the same period last year. The average daily liquidity was 93.7 million RON, or 19 million euros.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
