The Bucharest Stock Exchange (BVB) opened Monday morning’s session “in the red”, with all stock market indices declining after the results of the first round of the presidential elections put pro-Russian Calin Georgescu in first place. The BET index has been de-correlated since the summer (July 24, 2024) with the evolution of the US stock indices, with which it has recorded a relatively close evolution in recent years. This indicates a decreasing buying pressure from foreign investors and even a possible more sustained presence in the sale. An example is the trading session of November 19: both BET and the US indices started to sell aggressively around 16:00, Romanian time. The US market recovered, however, during the US stock market session, while the Bucharest stock exchange closed at 18:00 local time with a minus of 1.6%. Although it outlined a slight recovery the next day, this failed to be sustained. BET is now down more than 10% from its significant high on July 24, which coincides with the high on July 24, 2007, and marks a 17-year cycle. In comparison, U.S. stock indexes have continued to rise since the summer and are up more than 25% year-to-date. All this dynamics indicate a possible de-risking process for the local market (emerging markets in general) of external managers, in the context of several risks looming on the horizon for Romania and the stock markets in general, from 2025 onwards. However, a 10% correction for BET is healthy after the massive almost vertical rally started in November 2022.
Around 100 specialists will work around the clock, in three shifts, at the 1 Mai – Băneasa subway tunnel section, part of the line extending to Otopeni Airport, according to secretary-general of the Ministry of Transport, Mariana Ioniță. The first TBM machine, which will begin drilling the tunnel, is set to arrive on Monday, March […]
A new report from the Romanian branch of NGO Justice and Care shows that the scale of the child trafficking phenomenon is underestimated by the authorities and that sexual exploitation, particularly of girls, remains the primary form of trafficking. The study, based on field research and interviews with specialists from three counties, namely Dolj, Bacău, […]
The Romanian Embassy in Pakistan has opened an honorary consulate in Peshawar, covering the Khyber Pakhtunkhwa region. The country is a major source of workers, essential in filling Romania’s labor shortage. Dan Stoenescu, Romania's Ambassador to Pakistan, inaugurated the Honorary Consulate in a special ceremony attended by government officials, business leaders, and members of the […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 263.66 million for the year 2024, representing a 29% year-over-year increase, surpassing the budgeted level by 175%. The net result is the company’s main performance indicator and consists of net profit and net gains from the sale of financial […]
Sameday, one of the key players in the courier industry, acquired the 24.9% stake held by eMAG in local IT firm Zitec, entering the company's shareholding structure. The transaction is subject to regulatory approval. "Changes in the logistics and courier sectors require rapid adaptations and technological solutions to address the challenges. The growing demand for […]
Nexus, an 8-month silver British shorthair with blue eyes, was crowned Europe’s most beautiful tomcat at the European Feline Championship 2025, an event held in Warsaw, Poland. The tomcat, by his full name Nexus of Winter Foxes, is owned by Oana Pintilii and Alexandru Paraschiv, breeders who have dedicated seven years to this passion. Nexus’s […]
