Category: Uncategorized
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Bucharest Stock Exchange flagship index gains 8.8% in 2024
The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange (BVB), closed 2024 up 8.78% compared with the end of 2023. The BET closed at its highest end-of-year value since launch (16,720 points) but 11% below its all-time high of 18,800 points touched at the…
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Romanian film review: My Most Memorable of 2024
2024 is almost over, and before making any predictions, hopes or wishes for 2025, I will take this moment to look back and remember the pics that stayed with me most in the past months. I will try to go in the order that I watched each, and I also included all trailers below…
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Romanian Government meets to discuss planned fiscal adjustment package
The Government is scheduled to meet on Monday, December 30, to discuss the emergency ordinance covering measures aimed at reducing public spending and the budget deficit. The Ministry of Finance published the draft ordinance on Sunday, December 29. It is available here. Among the measures included in the draft ordinance, also known as “the austerity…
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UniCredit Bank lists new RON 750 mln bond issue on the Bucharest Stock Exchange
UniCredit Bank, one of Romania’s leading financial institutions and a member of the UniCredit Group, has announced the listing of a new corporate bond issue worth RON 750 million (EUR 150 mln) on the Bucharest Stock Exchange (BVB). The bonds, issued under the ticker symbol UCB29, are set to mature on November 22, 2029. The…
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Romania’s Ministry of Finance raises EUR 3.3 bln from Bucharest Stock Exchange investors in 2024
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond issuance of 2024, setting an annual record of RON 16.4 billion (EUR 3.3 billion) attracted from retail investors on the Bucharest Stock Exchange (BVB). The funds, generated from six bond offers in 2024, account for 40% of…
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Western Romania: Fourth refurbished cinema to open in Timișoara
Another cinema that once belonged to the state-owned film distribution company RADEF has been refurbished and is scheduled to open in Timișoara in early 2025. The cinema is named Johnny, a nod to actor Johnny Weissmüller, known for playing Tarzan in twelve feature films from 1932 to 1948. Weissmüller was born in Freidorf, a village…
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Central Romania: Fly Lili suspends flights from Braşov airport
Air carrier Fly Lili announced it was temporarily suspending its flights to and from Braşov Ghimbav International Airport, in central Romania, starting January 10 of next year. The decision was taken due to “a low number of passengers and increasing operational costs, in order to ensure the sustainability of our operations in the long term,”…
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Romania’s Simona Halep withdraws from Australian Open
Romanian tennis player and women’s former world no. 1 Simona Halep said that she decided to withdraw from the Australian Open due to knee and shoulder pain felt after playing in Abu Dhabi. She had received a wild card for the qualifiers of the Australian Open, the first Grand Slam tournament of 2025. “After discussing…
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Bucharest Christmas Market draws over 1.3 million visitors at 2024 edition
Over 1.3 million visitors, including Bucharest residents and tourists from around the world, rediscovered the magic of Christmas at the Romanian capital’s main holiday event, held from November 29 to December 26 in Constituției Square. Organized by the City Hall of Bucharest through CREART – the Center for Creation, Art, and Tradition, the event was…
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Bucharest’s Metrorex proposes subway fare increase starting January 2025
Metrorex, the operator of the subway network in Bucharest, has proposed a fare increase starting January 1, 2025. Under the new plan, the cost of a single trip would rise from the current RON 3 to RON 5, while the monthly subscription would increase from RON 80 to RON 100, according to a draft order…