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 new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]
Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds. Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]
The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics. Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]
Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]
The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]
Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]
