The risk in the Romanian capital market stays high and on an upward tend amid the stock exchanges' fast and anticipatory response to any stressors that could disrupt economic, social or political developments, shows the Annual Report of the National Committee for Macroprudential Oversight (CNSM) for 2021.The liquidity risk on the Bucharest Stock Exchange (BVB) remains medium, the document notes.According to the report, the average daily value of trades in 2021 was 11 percent down from 2020. BVB's capitalization fully recovered from the plunge registered in 2020, standing at 229 billion RON as of end-December 2021, by about 48 percent higher compared to December 2020."The two major segments of the Romanian capital market, specifically collective investment undertakings and the stock market, experienced moderate volatility in 2021, correlated with a similar trend observed for most capital markets in the region. All stock market indices recovered in 2021 from the previous losses, and the BET index reached a new all-time high of over 13,000 points after the significant fluctuations triggered in 2020 by the outbreak of the health crisis," the report writes.The stock market's capitalization was by roughly 48.40 percent higher on December 31, 2021 compared to the end of 2020 and approximately 53 percent up on January 26, 2022 from the end of 2021. As against the end of 2019, the capitalization was roughly 30.41 percent up, indicating that the market value of the local companies listed on BVB's main market had topped the pre-pandemic level.At the end of 2021, the international stock exchanges had a comeback, after recording the most significant deterioration in March 2020, due to the COVID-19 pandemic. International stock markets grew significantly over July-August due to a strong positive investor sentiment, the cited report states."The indices of the Romanian stock market saw positive developments at the end of 2021 compared to December 31, 2020. The main BET index, which tracks the most liquid companies on the BVB regulated market, was 33 percent up as of December 31, 2021 compared to the end of 2020. The BET-TR total return index (dividends included) saw the most significant growth rate - 40 percent, while the sectoral energy and related utilities index BET-NG was 29 percent up as of December 31, 2021 compared to the year before," the report states.
Around 32% of Romanians plan to spend their upcoming holidays abroad, with Greece, Italy, and Spain topping the list of preferred destinations, according to the Visa CEE Travel and Payment Intentions Study 2025. Of those going abroad for the summer, nearly 40% say they are “experience seekers,” prioritizing discoveries and stepping out of their comfort […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, will remain under judicial supervision after the District 1 Court in Bucharest rejected his appeal against the prosecutors’ decision to extend the preventive measure,
The mayor of Timișoara, Dominic Fritz, will be the new leader of the Save Romania Union party, or USR, after he received 67.2% of the votes in an internal race. The vote for the new party president was conducted online and started Wednesday at 10 AM and ended Friday at noon. A total of 10,914 […]
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
