The Romanian stock market has reacted to the shock of the war in Ukraine, as it has around the world. However, the impact was smaller than the crisis generated by the outbreak of COVID 19 pandemic, and in the long term stock market indices have been on an upward trend. "Against the backdrop of political tensions between Russia and Ukraine, the evolution of the Romanian stock market deteriorated, but not to the same extent as in March 2020, when markets reacted to the economic and social uncertainties generated by the COVID-19 pandemic. Compared to the level recorded at the beginning of 2020, the Romanian stock market indices have had long-term upward developments, except for the two episodes of volatility in the financial markets caused by pandemics or the war in Ukraine", says the ASF Report on the evolution of the capital market in the first quarter of 2022. In the current inflationary context, unprecedented in the last 15 years, collective investment undertakings (CIUs) have opted for a recalibration of their investments, by increasing investments in equities at the expense of fixed-income forms of investment. "On the market as a whole, the consolidated investment structure of all collective investment undertakings indicates a preference for equities, whose total value is about 26.6 billion lei, reaching a share of about 56% of the total assets of UCIs. Investments in fixed-income financial instruments at the level of the whole market are worth 18 billion lei and represent about 37% of the total assets of UCIs. As of 31 March 2022, compared to the end of 2021, there is an increase in investments made in equities (0.22%) and a decrease in UCITS/AOPC securities (12%), bonds (11%), deposits and cash (2%) and government securities (16%)" highlights the analysis of the Financial Supervisory Authority. As regards the number and value of transactions on the Romanian capital market, there has also been an increase. As of 31 March 2022, Banca Transilvania (TLV) is in first place in the ranking of the most liquid companies whose shares were traded on the BVB on the main (Regulated) market, with a share of about 22% of the total value traded. OMV Petrom (SNP), BRD - Groupe Société Générale (BRD), Fondul Proprietatea (FP) and Medlife (M) ranked next in this top.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
