The year 2023 was a chapter of unprecedented performances for the capital market in Romania, recording historical highs on several levels, such as the value of transactions with shares and bonds, average daily liquidity, stock market indices, the value of market of the companies, reads a press release from the Bucharest Stock Exchange (BVB).According to the cited source, one of the key moments of 2023 was the successful completion of the largest stock listing in Europe, namely Hidroelectrica, worth 9.3 billion RON (1.8 billion euros). This listing strengthened the BVB's position in the European financial landscape and generated a significant wave of interest and confidence in the Romanian capital market, the document emphasizes.At the end of 2023, the main BET index reached the level of 15,371 points, reflecting an increase of 31.79% compared to the previous year."In a moment of reference, on December 8, the main index exceeded the threshold of 15,000 points for the first time in history", the press release informs.The BET-TR index ended the year at a level of 31,745 points, marking an increase of 39.93% compared to the last trading day of the previous year, a performance which, according to BVB, reflects not only the evolution of share prices, but also the total impact of the dividends paid by the component companies of the index."Another significant achievement in 2023 was surpassing the liquidity record recorded in 2022. The total value of transactions on all markets and for all types of financial instruments exceeded the value of 38 billion RON, marking a notable increase of 58% compared to the previous year. The number of 1.977 million transactions made by investors across all markets in 2023 represents an unprecedented level since 2007. In particular, the number of equity transactions on the Main Market reached 1.46 million transactions, demonstrating the interest asset of the investors", reports BVB.Last year, two companies were listed on the Bucharest Stock Exchange following successful listing offers: Hidroelectrica on the Main Market and Millenium Insurance Broker on AeRO.
Unilever has announced the appointment of Irina Urechean as the new General Manager of its Ice Cream Division for Romania and Moldova, effective January 2025. In her new role, Urechean will be responsible for driving the growth and development of the division, focusing on portfolio expansion, innovation, and market leadership. With a career at Unilever […]
Premier Energy Group (BVB: PE), a leading energy provider in Southeast Europe and a listed company on the Bucharest Stock Exchange reports strong growth across its operations in 2024, with preliminary figures showing normalized revenue of EUR 1,263 million, marking a 45% year-over-year increase, and normalized EBITDA of EUR 103 million, up 14% compared to […]
Cristian Măcelaru will conduct the opening concert of the anniversary edition of the George Enescu International Festival, one of the world’s most prestigious classical music events, taking place from August 24 to September 21. The Romanian conductor will lead the George Enescu Philharmonic Orchestra and Choir at the inaugural performance at Sala Palatului in Bucharest, […]
Bucharest's Știrbei Palace is set to become Romania's first high-end retail destination, with Hagag Development Europe announcing its reopening for the second half of 2025. The building on Calea Victoriei will host some of the world's most prestigious brands, the developer said. Fashion houses such as Dior, Saint Laurent, Celine, Valentino Garavani, and Hermes will […]
Interim president Ilie Bolojan said on social media that Romania is a committed and reliable ally, after US president Donald Trump halted all military aid to Ukraine on Tuesday, February 4. Trump’s decision comes after a series of meetings at the White House with top national security officials in the aftermath of the disastrous public […]
Guest writer Henry Páll Wulff shares an ample overview of the top challenges Romania is facing and the potential solutions that local policymakers should consider. A captivating read, this opinion article shows what Romania can learn from countries such as France, Germany, Denmark, Finland, Canada, Costa Rica, and Bhutan. As Romania embarks on a new […]
