Category: Uncategorized

Premier Energy Group (BVB: PE), a key player in the energy market in Southeast Europe, listed on the Main Market of the Bucharest Stock Exchange, reports EUR 512.4 million in revenues in the first six months of 2024, a 10% year-on-year (YoY) increase, with normalized revenue standing at EUR 534.8 million, a 21% YoY increase.…

  The global index provider FTSE Russell released on Friday, 23 August, the indicative results of their semi-annual review that will become effective starting September 2024. The shares of the Transport Trade Services (TTS) company will be included in the FTSE Global All Cap indices, as a Small Cap. Thus, as of September, Romania will…

InterCapital Securities, the largest broker on the Zagreb Stock Exchange, has officially joined the Bucharest Stock Exchange (BVB) as its newest trading member.  The firm will focus on providing market-making services and analysis for Romania’s top companies, commonly referred to as “blue chips,” rather than concentrating on the retail market.  “After years of trading on…

Romania recorded only one company classified as a “zombie” in 2023, representing just 1.4% of the 78 active listed companies analyzed, according to new data from Kearney’s annual zombie report.  This figure is significantly lower than the global average of 5.8%. Romania is also in a stronger position compared to its Central and Eastern European…

The Romanian government has approved the technical and economic indicators for the construction of the Timișoara-Moravița highway, a significant infrastructure project in Romania’s western region.  The highway, which will span 72.93 kilometers and connect Timișoara with Moravița at the Romanian-Serbian border, is set to be completed within 48 months following the contract signing.  Minister of…

The Romanian government is discussing a proposal to provide state aid to the steel industry in response to the sector’s challenges with the high costs of decarbonization.  This initiative, outlined in a memorandum from the Ministry of Economy and quoted by Profit.ro, comes after steel companies reported significant economic difficulties, citing soaring energy prices, disruptions…

The Romanian government has approved a series of measures aimed at assisting farmers impacted by severe drought conditions. These initiatives include a drought insurance mechanism, changes to the “Farmer’s Credit” program, and the suspension of high-interest loans, all designed to provide financial relief to the agricultural sector. Minister of agriculture Florin Barbu announced the introduction…

The total cost of the upcoming presidential and parliamentary elections in Romania, which will take place on three consecutive weekends at the end of November and the beginning of December, is RON 2.27 billion (EUR 456 mln). It’s the first time in the last 30 years that Romanians will have to go to the polls…

The Romanian government has initiated negotiations to purchase the strategic Giurgiulești International Free Port in the Republic of Moldova.  The talks will involve the European Bank for Reconstruction and Development (EBRD), which currently holds full ownership of the port through Danube Logistics SRL. The Romanian state, through the National Company “Maritime Ports Administration” S.A. Constanța,…

Romania’s real estate market has witnessed a surge in investment activity during the first eight months of 2024. According to a recent study by Fortim Trusted Advisors, the total value of commercial property transactions in Romania reached EUR 661 million, surpassing the total volume for the entire year of 2023 by 20%.  This robust performance…