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.
The Radisson Blu Hotel in Bucharest has reached a milestone that places it in rare company, both in Romania and internationally. The landmark five-star property has been awarded the BREEAM In-Use “Excellent” certification for both Asset Performance and Management Performance, becoming the first luxury hotel in the capital to secure this prestigious sustainability accolade. The […]
There is so much happening at once in Bucharest these days, it is an embarrassment of riches. The Bucharest International Film Festival (BIFF) has been screening fiction and documentary features while Bucharest International Experimental Film Festival (BIEFF) showcases experimental cinema, both recent and archival. They might sound irritatingly similar – abbreviations can be such a trap […]
Authorities opened an investigation after six children died at the "Sfânta Maria" Pediatric Hospital in Iași, eastern Romania, while affected by an antibiotic-resistant bacteria. Nine babies at the hospital were infected with the Serratia Marcescens bacteria, and six deaths were recorded in the medical unit. The Public Health Directorate temporarily closed the ICU and launched […]
Brașov, a popular mountain city in Romania, is among the least affordable cities in Europe when it comes to dining out relative to wages, though still faring slightly better than Athens, Dubrovnik, or Thessaloniki, according to a new global study ranking 177 cities worldwide by restaurant affordability relative to local wages. The report, based on […]
An evening of heritage and hospitality honoured a new era of luxury in Bucharest while unveiling a curated calendar of culinary experiences and cultural events for Autumn-Winter 2025. On Wednesday, September 24, 2025, Managing Director, Todd Cilano and owners Niro Investment Group welcomed ambassadors, dignitaries, cultural figures and leaders from the worlds of business and […]
SIGNAL IDUNA continues its digital transformation journey by introducing two essential platforms for its customers: the improved version of the Signal Care Assistant app and the new integrated website, which brings together the company's diverse portfolio of products and services into a single online experience, further enhanced by its recent expansion. Both platforms are part […]
