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.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
