Romania’s equity market presence in the MSCI indices will increase to 26 companies from 1st of March 2024, following the quarterly index review conducted by global index provider MSCI in February this year. According to the announcement, Romania will have four new companies listed in the MSCI Frontier IMI and MSCI Romania IMI indices in the small cap category. They are: 2B INTELLIGENT SOFT (BENTO) COMPA (CMP) DN AGRAR GROUP (DN) PROSPECTIUNI (PRSN) At the same time Transport Trade Services (TTS) shares will be upgraded from Small Cap to Mid Cap / Large Cap and will be part of the MSCI Frontier and MSCI Romania indices which include only Mid Cap and Large Cap companies. The MSCI announcement is available at the following LINK. Also, according to the same announcement, the shares of Aquila Part Prod (AQ) will be excluded from MSCI Frontier Small Cap and MSCI Romania Small Cap indices as the market capitalization of the company exceeded the maximum allowed threshold of these indices. In the MSCI Frontier Markets indices, Romania is represented also by Banca Transilvania (TLV), BRD Groupe Societe Generale (BRD), Hidroelectrica (H2O), Nuclearelectrica (SNN), OMV Petrom (SNP), Romgaz (SNG), Electrica (EL), MedLife (M), One United Properties (ONE), Teraplast (TRP), Transelectrica (TEL), Transgaz (TGN), TTS Transport Trade Services (TTS), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bursa de Valori Bucuresti (BVB), Conpet (COTE), Purcari Wineries (WINE), Safetech Innovations (SAFE), Simtel Team (SMTL), Sphera Franchise Group (SFG). MSCI is one of the leading providers of global benchmark indices. Romania is currently classified by MSCI as a Frontier Market. On the other hand, Romania is classified as an Emerging Market by the global indices provider FTSE Russell, being represented by 13 companies: Banca Transilvania, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties, Teraplast, Aquila Part Prod, Bittnet Systems, Bursa de Valori Bucuresti, Conpet, Purcari Wineries, Sphera Franchise Group.
Genesis Property, one of the leading office building owners in Romania, announced the appointment of Flavia Schoech as Chief Operating Officer (COO). In the new position, she will lead the development and alignment of the company’s operational strategy, “focusing on accelerating business growth objectives, efficiency, and the integration of ESG principles,” the developer said. Flavia […]
Soprano Adela Zaharia has made her debut at the Metropolitan Opera in New York as Musetta in Puccini’s La Bohème. She appeared in the performance on January 11, and will perform again on January 15, 18, 22, and 25.
The Ford plant in Craiova, southern Romania, recorded a production volume of over 250,000 units in 2024, thanks to its most popular models, namely the Puma and the two Courier versions. The plant, owned by Ford Otosan, produced 20,441 vehicles in December, marking a 60% increase compared to the previous year, although it did not […]
Dino Parc Râșnov, the open-air museum in central Romania and the largest dinosaur park in southeastern Europe, has received the “Tripadvisor Travelers Choice” award for the second year in a row. Visitors to the almost 4-hectare park can experience a world of life-sized dinosaurs, with over 125 species, and participate in a variety of activities, […]
Żabka Group, the European ultimate convenience ecosystem, has launched its expansion into the Romanian market with the new froo brand. Exorigo-Upos, with whom the company has worked for many years on the Polish market, was chosen as the implementation partner. The froo stores are modeled on their Polish counterparts. The execution of orders of this […]
Wolt, a Helsinki-based technology company with operations in 28 countries, has completed the acquisition of delivery platform Tazz from eMAG. The deal marks Wolt’s entry into the Romanian market. Tazz’s current offerings, including restaurant, grocery, and retail selections, will continue as usual, as will Tazz’s participation in the eMAG Genius subscription program, the company announced. […]
