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.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
