The capital market in Romania continues its expansion at a lower pace than in 2021,due to the economic and geopolitical uncertainties, according to the report ‘ Multiples of valuation of companies listed on the Bucharest stock Exchange’ made by PwC Romania. According to the quoted source, the capitalization of the companies listed on the Bucharest Stock Exchange (BVB) got to 229 billion lei at the end of the first quarter of 2022, with 20% over the level reached in the similar period of last year, but under the level on 31st December 2021. In 2021, the local market of capital established a record as regards capitalisation, this growing with over 50% and getting to 249 billion lei (50 billion euro) at the end of the year, in a more favourable context against the previous year, with a reduction of the worries connected to the pandemics /restrictions and more international visibility, as a result of the inclusion of several Romanian companies in indexes FTSE.‘The analysis made over the last 10.3 years there is an improvement of the performance of BVB although it is still dependent on the foreign capital. The conclusion of the study shows the fact that investors on the capital market got on average up to 14% more than investors in governmental bonds when we speak about BET-TR with 5% over if we speak about BET, which could represent a supplementary argument for investments on the BVB’ said Raluca Alexandra Capatina –Stoica, manager PwC Romania.According to the study, the cumulated value of the three public offers on the regulated market of 2021 has surpassed 900 million lei. The BET indicator recorded growth by 14% from 11,190 points on 31st March 2021 to 12,712 points on 31st March 2022, as a result of the growth of the number of investors and the increased international visibility of the local market of capital with the inclusion of the Romanian companies listed in FTSE indicators.The share of BVB capitalisation in GDP has reached 20.9% at the end of 2021. Romania is behind other countries in the region such as the Czech Republic, Greece, Croatia and Bulgaria but over Slovenia, Hungary, Cyprus and Slovenia. With a significantly higher number of companies listed in Romania against other countries in the region, the average capitalization of BVB was 132 million euro on 31st December 2021, lower that that recorded on other regional stock exchanges, such as the Czech Republic, Hungary, Greece, Slovenia, Croatia and Bulgaria.
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism […]
Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two […]
In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation. In today’s world, every business talks about digital transformation, but few know how to make it […]
The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is […]
