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.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
