The large state companies listed on the Bucharest Stock Exchange (BVB) currently have a cumulative capitalization of almost 110 billion RON (rd 22 billion EUR), compared to 26 billion RON 10 years ago, BVB president Radu Hanga told Wednesday's event celebrating the tenth anniversary of Electrica's listing on the BVB."In the meantime, the listing of Hidroelectrica, among others, happened, but even beyond that, we see a fourfold increase in the capitalization of companies in which the state is an investor on the stock exchange, and we also see a doubling of the presence of state companies on the Bucharest Stock Exchange. The share of state companies has increased from 25% to almost 50%. Of course, the energy sector and the utilities sector are the best represented," said Hanga.He emphasized that the stock market is the place where the interest of the state, that of developing the economy, intersects with the interest of companies and private capital."It is no coincidence that the term public company is used both to designate state companies and to designate companies listed on the stock exchange. It is somehow a link between the stock market and the public domain. The stock market, after all, is the place where the state's interest of developing the economy intersects with the interest of companies and private capital," added the BVB president.
Romania is set to bring high-speed internet to nearly 1,000 remote localities as part of a EUR 94 million investment under the National Recovery and Resilience Plan (PNRR). Economy, digitalization, entrepreneurship, and tourism minister Bogdan Ivan signed the financing agreements on Wednesday, March 5. The project will enable the expansion of fiber-optic networks to 994 […]
On Thursday, March 6, Romanian prosecutors at the Directorate for Investigating Organized Crime and Terrorism (DIICOT) detained six individuals, including a retired general aged 100, accusing them of organized crime and treason. Two of the defendants traveled to Moscow in January and allegedly negotiated with Russian agents for Romania’s withdrawal from NATO. According to the […]
Without an explicit source, an online petition was launched for the presidential candidacy of acting president Ilie Bolojan. Launched by the user "Ilie," the petition was signed by 4,258 on the first day, G4media.ro reported. The author of the petition seems to come from...
Two polls released on March 5 in Romania support the idea that the ruling coalition formed by Liberals (PNL), Social Democrats (PSD), and Hungarian party UDMR should not replace its presidential candidate Crin Antonescu. The polls were published as Antonescu's position as a presidential candidate seems at risk: on the one hand, his scores in […]
The Romanian authorities have declared the military, air, and naval attaché of the Russian Federation in Bucharest, as well as his deputy, persona non grata on Romanian territory, the Ministry of Foreign Affairs (MAE) announced on March 5. MAE claims that two Russian diplomats have carried out activities that contravene the provisions of the Vienna […]
Garanti BBVA, one of the most dynamic banks in Romania, announced it is granting long-term financing worth EUR 10 million to support the development of the National Golf & Country Club in Dâmbovița County, developed by DM Sport & Energy. With a total value of EUR 30 million, this is a sports and leisure project […]
