The Romanian capital market has been recognized by the global index provider MSCI as an Advanced Frontier Market, a milestone towards achieving Emerging Market status, the Bucharest Stock Exchange (BVB) announced on last Wednesday.This classification is a new step forward towards achieving Emerging Market status from MSCI as well, which represents one of the main objectives of the Bucharest Stock Exchange and would bring substantial capital inflows to listed Romanian companies and, implicitly, to the national economy."With the recognition by MSCI of the Romanian capital market as an Advanced Frontier Market, important steps are being taken towards obtaining the Emerging Market status for Romania from the global index provider MSCI. At the same time, the Romanian capital market thus receives international reconfirmation of its potential, which makes us very happy, especially in the context in which, this year, the Bucharest Stock Exchange celebrates 30 years of existence, a period in which BVB, together with all its stakeholders, has worked intensively to align the Romanian stock exchange to the highest standards. I am convinced that, together, we will succeed in the near future in fulfilling the other necessary criteria to obtain the Emerging Market status from MSCI as well," Radu Hanga, Chairman of the Board of Directors of the Bucharest Stock Exchange, said in a post on the BVB's Facebook account.In turn, the general manager of BVB, Adrian Tanase, said that he is confident in the chances that the Romanian capital market has in order to meet the quantitative MSCI criteria necessary for this promotion."The recognition received now from MSCI is a reference point that brings us closer to achieving the objective of obtaining the Emerging Market status for Romania from MSCI. I am confident in the chances that our capital market has to also meet the quantitative MSCI criteria necessary for this promotion, which would bring benefits not only to the capital market, but also to Romania", Adrian Tanase said.BVB representatives also conveyed that the joint efforts, including those of all partners involved in the capital market, are reflected in this recognition. "We are eager to take the Romanian stock exchange to the next level," the BVB post also reads.
A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit […]
The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an […]
More than 100 items, ranging from frescoes and paintings to sculptures, photographs, and other rare artifacts from Italian museums, will go on display in Timișoara for an exhibition looking at the city of Pompeii. Titled The Fragility of the Eternal. From Pompeii to the Grand Tour to Today, the exhibition will be open from November […]
Robotics startup Dexory, founded in London by Romanians Andrei Dănescu, Adrian Negoiţă, and Oana Jinga, has secured new Series C funding of USD 165 million, according to an announcement made on LinkedIn and quoted by Ziarul Financiar. The company has developed an autonomous robot, the tallest in the world, reaching 16 meters, and a platform designed […]
NEPI Rockcastle, Central and Eastern Europe’s largest owner and operator of shopping centers, has inaugurated its first photovoltaic park in Chișineu-Criș, Arad county, in western Romania. The investment is part of its green energy programme, which includes a EUR 110 million plan for photovoltaic projects across Central and Eastern Europe. According to the company, these […]
A Romanian man sneaked into the museum five days before the theft of the Cotofenești Helmet and the Dacian gold bracelets from the Drents Museum in the Netherlands. The new information, revealed from the criminal case by Dutch RTL Nieuws, shows that Andrei B. is believed to have...
