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.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
