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 Japanese premium skincare brand Onshindo Osaka officially enters the Romanian market through its exclusive distributor, Pharma Brands, marking a new milestone in its European expansion strategy. Following its successful launch in Spain, the company aims to capitalize on the growing interest of Romanian consumers in premium skincare products with clinically proven efficacy and authentic […]
Honor appointed Kerr Cheng as the new country manager for Romania, placing him at the helm during a “key phase” of the brand’s expansion in Central and Eastern Europe. The company said Romania remains one of its most dynamic and strategically important markets in the region, and Cheng will be responsible for accelerating local growth […]
Romania has closed its participation in the 2025 Venice Architecture Biennale with the conclusion of Human Scale, the exhibition presented in the Romanian Pavilion at Giardini della Biennale and in the New Gallery of the Romanian Institute of Culture and Humanistic Research. Meanwhile, the project’s official catalogue has been made available to the public. The […]
The forests around the mountain city of Brașov and the Postăvaru Massif may be home to the largest densities of large owls in the world, according to a study by biologist Călin Vasile Hodor from Wildlife Management Consulting and professor Dan Traian Ionescu from the Faculty of Forestry Brașov, as quoted by BizBrasov.ro. The study […]
The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]
Romania aims, through its new National Defense Strategy, to become the second military power on the eastern flank and a defense provider in the Black Sea region, according to defense minister Ionuț Moșteanu. The new National Defense Strategy is a paradigm shift, the minister said. “A fundamentally different point of view is that we are […]
