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.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
