Societatea Energetica Electrica SA signed for market-making services with BRK Financial Group and Wood & Company Financial Services a.s. (Wood&Co), with the main objective to enhance own stock liquidity on the Bucharest Stock Exchange (BVB) in order to be included in the FTSE Russell international indices, informs the company, in a press release sent on Tuesday.The two liquidity providers - BRK Financial Group and Wood&Co - will start quoting as the Issuer's Market Makers as of January 3, 2023, respectively packages of at least 37,000 Electrica shares for purchase (BID) and for sale (ASK), at a maximum difference of 2 percent between quotations."Electrica's inclusion in the FTSE Russell international indices series is one of our main objectives for the next period, and signing with the two biggest players on the local market-making market is the optimal measure to achieve this goal, which will be felt, implicitly, in a positive sense on the market value and visibility of Electrica, both for the benefit of our current shareholders and future investors," declared Alexandru Chirita, Electrica general manager.Electrica is the 16th share of an issuer on the stock exchange on the Main Market for which the BRK Financial Group team provides Issuer Market Maker services, and for Wood&Co, Electrica is the fourth issuer in the portfolio.The Electrica Group offers services to approximately 3.85 million users and has a national coverage area, with organization in three areas for the distribution of electricity: North Transylvania, South Transylvania, North Muntenia and throughout the country for the supply of electricity and maintenance and energy services.Since July 2014, Electrica is a company, mostly with private capital, listed on the Bucharest and London stock exchanges. Electrica is the only listed Romanian company in the field of electricity distribution and supply.The Electrica Group obtained a consolidated net profit of 534 million RON in the first nine months of the current year, an increase of 462 million RON compared to the same period last year, according to the 9-month financial results.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
