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.
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
