The listing of companies on the Bucharest Stock Exchange (BVB) represents an extremely important factor for the consolidation and development of the local capital market, but also for the stability of the Romanian economy, according to a press release from the Financial Supervisory Authority (ASF).ASF reminds, in the context, that it is running an extensive process of modernization of the regulatory framework, which will lead to the consolidation of the role of the capital market at the level of the national economy, and places special emphasis on the implementation of the provisions included in the National Strategy regarding the development of the capital market in Romania for the period 2023-2026."The success of Hidroelectrica's listing constitutes a firm impetus for the entry of new players into the stock market, the capital market needing, in order to develop healthily, strong and fair competition," said Alexandru Petrescu, the president of the ASF, in the quoted press release.Hidroelectrica recently marked one year since its listing on the BVB, the largest initial public offering (IPO) in the history of the local stock exchange, an approach that significantly contributed to increasing confidence in the potential of the capital market. The admission to the stock market of the energy producer attracted investors, retail and international, from all corners of the world and strengthened the BVB's position as an important player in the region.According to the cited source, Hidroelectrica's presence at the BSE encouraged other Romanian companies to consider listing, increasing the liquidity and diversity of the capital market. The successful listing of the energy producer is a strong argument for continuing to support single listings, ASF representatives believe."The listings are also important from the perspective of attracting investors to Romania and show that the Romanian market can lead to success stories in financing. The listing on the Romanian market brings greater exposure of Romanian companies and from the perspective of the image," stated Gabriela Horga, deputy chair of ASF, coordinator of the Financial Instruments and Investments Sector.One of the concrete steps taken by the Authority to improve the conditions for listing on the capital market or for attracting capital was the introduction of provisions related to the reduction of the term for exercising the right of preference or the process of registering an increase, in the draft amendment to the Law 24/2017 regarding the issuance of financial instruments and market operations, approved by the ASF Council and sent to the Ministry of Finance.
Romania’s electric car market dropped 58% in March compared to 2024, mainly due to the postponement of the implementation of the new Rabla Program and uncertainties regarding the voucher value for electric cars. As such, fully electric cars accounted for just 2.75% of total new car registrations last month. The registration figures, examined by Profit.ro,...
Former president Ion Iliescu and ex-prime minister Petre Roman will stand trial over their involvement in the 1990 miners' riot (Mineriada) case, the General Prosecutor's Office announced on Wednesday, April 2. The case concerns the violent repression of the protests against Ion Iliescu's regime in mid-June 1990, only six months after the 1989 Romanian Revolution. The...
The Holland & Barrett brand, a British chain of stores specializing in dietary supplements and vegan food and one of the largest companies in the health and wellness sector in Europe, is preparing to open its first own stores in Romania. The chain will enter the local market through the Greek company Fourlis, which also […]
Archaeologists from the Buzău County Museum, in southern Romania, have discovered 31 human settlements on the construction site of a wind farm. The region where the settlements were discovered was chosen for a new wind farm because of its favorable meteorological conditions, and annual tests were conducted as early as 2010. Construction work began in […]
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
