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FTSE Russell decided the promotion of the Romanian capital market to the Secondary Emerging market status
Tuesday, September 22, 2020
According to the representatives of the Romanian Association of Banks (ARB), the reclassification of the Romanian capital market to Secondary Emerging market status could attract new investments to the Bucharest Stock Exchange (BVB) from specialized investment funds on emerging markets."The Romanian Association of Banks welcomes the implementation of the FTSE Russell decision on the promotion of the Romanian capital market to the Secondary Emerging market ...
PM Orban: Romania's going to secondary emerging market status, signal of trust from exchange players, companies
Tuesday, September 22, 2020
Prime Minister Ludovic Orban said on Monday that Romania's advancing to the secondary emerging market status will represent a signal of trust by the players on the stock market, as well as for all companies that would want to get listed on the stock exchange.The remarks were made within a reception organised by UK's Ambassador in Bucharest Andrew Noble, for celebrating Romania's advancing to the secondary emerging market status. Romania's capital market has ...
BVB: New funds that manage billions of euros to be able to invest in listed Romanian companies
Tuesday, September 22, 2020
New investment funds that manage billions of euros will be able to invest in Romanian companies listed on the Bucharest Stock Exchange (BVB), which was previously impossible due to the restrictions generated by the Frontier Market status held so far by Romania, reads a BVB release."The story of the Bucharest Stock Exchange is, for the most part, the story of modern Romania and is part of our national DNA because it demonstrates the ability of this nation to ...
FinMin Citu: Capital market in Romania is a click away from billions of euro
Tuesday, September 22, 2020
The status of emerging market for the Romanian capital market means that companies in Romania are a click away from the billions of euro that will be invested, stated, on Monday, the Minister of Public Finance, Florin Citu, at the Bucharest Stock Exchange."We spoke before of this moment and I believe that we glossed over in society over what means to join the FTSE Russell. It is equal, I said then too, it is equal to Romania's entry into the European Union. ...
BVB's Hanga: Promotion to Secondary Market status, step forward for Romanian business community
Tuesday, September 22, 2020
Promoting the Romanian capital market to the Emerging market status is a step forward for the entire Romanian business community, Radu Hanga, president of the Bucharest Stock Exchange (BVB), said on Monday."The step we are taking now is not just a step of the Romanian capital market, but a step forward that the entire Romanian business community is taking. The story of the Bucharest Stock Exchange began 25 years ago. We were then discussing the end of the ...
Nuclearelectrica's Ghita: Inclusion in FTSE Russell index, SNN's most advantageous position in capital market
Tuesday, September 22, 2020
The inclusion of Societatea Nationala Nuclearelectrica SA (SNN) in the FTSE Russell index represents the most advantageous positioning in the capital market of the SNN, a desideratum of the company for capitalization and attraction of new investors, reads a communiqué of the company sent on Monday."The inclusion of the SNN in the FTSE Russell index represents by far the most advantageous positioning in the capital market of the SNN, a desideratum of ...
PwC: Romania's budget loses 1/3 of VAT annually, state has difficulties in performing main functions
Tuesday, September 22, 2020
Romania's budget loses one third of the VAT annually, the European Commission points out in the report on the deficit of collection of this tax, the consequence being that the state has difficulties in performing its main functions, namely to provide public services, according to an article written by Daniel Anghel, Partner, Leader of tax and legal services PwC Romania."The indicator published by the EC which measures the difference between the VAT potential ...
The train to the Otopeni airport, which will start operating on December 12, has been tested
Tuesday, September 22, 2020
President Klaus Iohannis has tested on Monday the train that is linking the Northern Train Station from Bucharest to the Henri Coanda Airport, formerly known as Otopeni Airport. The head of state was accompanied by PM Ludovic Orban and Transport Minister Lucian Bode.The train will travel every 50 minutes, a ride takes 17 minutes and the trainset will be in use in December. President Iohannis said he is ...
President Iohannis: It is obvious that infrastructure in Romania lagging behind, its development, not desired
Monday, September 21, 2020
President Klaus Iohannis said on Friday that it was "obvious" that Romania's infrastructure "lags behind" because its development was not desired, stressing that this paradigm will change.He participated in the opening of the Iernut - Chetani motorway section in Mures County."It is obvious that the infrastructure in Romania is lagging behind. I do not want to detail again why it is lagging, I think that around me there are people who all know ...
PM Ludovic Orban: Soon from Targu Mures we'll be able to reach Bors on motorway
Monday, September 21, 2020
Prime Minister Ludovic Orban said on Friday at the inauguration of the 3rd section of the Transylvania Motorway, between Iernut and Chetani, that soon from (central) Targu Mures it will be possible to reach (western) Bors on the motorway and that the Government is also interested that the inhabitants of Moldova and Bessarabia can reach the European infrastructure."The idea of Transylvania Motorway was born around 2002 (...) Soon Targu Mures will be able to ...
PSD signed with Pro Romania's Ponta an agreement for county, local councils majorities
Monday, September 21, 2020
The social-democrat leader Marcel Ciolacu announces on Saturday he has signed with the leader of Pro Romania, Victor Ponta a post-electoral agreement based on which the PSD (Social Democratic Party - opposition) and Pro Romania will be able to make up majorities in the local and county councils, following the 27 September local elections."It is for the first time, in past 30 years, when the decision was made for each organisation have their local alliances ...
CURS, Avangarde and BCS, accredited to conduct exit polls at local elections
Monday, September 21, 2020
CURS Urban and Regional Sociology Centre, the Avangarde Socio-Behavioural Studies Group and the Social Research Bureau (BCS) were accredited, on Friday, by the Central Electoral Bureau to conduct exit polls in the September 27 local elections.CURS will conduct surveys in Bucharest, Cluj, Timisoara, Iasi, Brasov, Craiova, Baia Mare, Oradea, Pitesti, Constanta, Ploiesti, Focsani, Deva, Alba Iulia, Arad.The Avantgarde Socio-Behavioural Studies Group ...
Chief of the Defense Staff: Implementation of NATO Pandemic Response Plan leads to increased states resilience
Monday, September 21, 2020
The implementation of the NATO Pandemic Response Plan by building stocks of medical materials and equipment and synchronizing civil-military response mechanisms will lead to increased resilience of states to the evolution of the pandemic, the Chief of the Defense Staff, Lieutenan- General Daniel Petrescu, said on Friday night, at the NATO Military Committee Conference, held in videoconferencing system.According to a statement from the Ministry of National ...
Ford delivering 50 customised Ford Transit vehicles to Romanian Border Police
Monday, September 21, 2020
Ford Romania, through its dealer Tiriac Auto, will be delivering 50 Transit All-Wheel-Drive (AWD) units to the General Inspectorate of the Romanian Border Police, according to a press statement released on Friday.At a special event hosted by the Embassy of the United States of America in Bucharest by Ambassador Adrian Zuckerman, and in the presence of Romania's Prime Minister Ludovic Orban, three ARTEMIS-RO units based on Ford Transit from the batch ...
CNSAS file-Israescu/BNR governor, defended in court by Valeriu Stoirca
Monday, September 21, 2020
The Bucharest Court of Appeal on Friday started the debates in the process in which CNSAS (National Council for the Study of Security Archives) asks judges to establish the capacity of Securitate [former political police of the communist regime - editor's note] collaborator in the case of BNR (National Bank of Romania) governor Mugur Isarescu.The BNR governor did not show up for this first trial, being represented by his lawyer, Valeriu Stoica, former ...
State of the Union: Commission calls on Member States to boost fast network connectivity and develop joint approach to 5G rollout
Monday, September 21, 2020
Friday, the Commission takes further steps in the Digital Decade agenda to strengthen Europe's digital sovereignty, as announced by President Ursula von der Leyen in ...
Coronavirus: the Commission signs second contract to ensure access to a potential vaccine
Monday, September 21, 2020
Friday, a second contract with a pharmaceutical company entered into force following the contract's formal signature between Sanofi-GSK and the Commission. The contract will allow all EU Member States to purchase up to 300 million doses of the Sanofi-GSK vaccine. Moreover, Member States may donate reserved doses to lower- and middle-income countries. Sanofi and GSK will also endeavour to provide a significant portion of their vaccine supply through a collaboration with ...
Rare books recovered in Romania in €2 million London warehouse heist investigation
Monday, September 21, 2020
On 16 September, following the execution of a European investigation order, a house search led by the Romanian authorities in the county of Neamt uncovered the rare books buried underground. Reported stolen from a warehouse in Feltham (UK) in 2017, the priceless historical antiques included first editions of Galileo Galilei and Isaac Newton from the sixteenth and seventeenth century. The books will now be sent to Italy for examination in order to confirm their ...
International anti-drug operation "Los Blancos" - member of big cocaine-trafficking group, caught in Romania
Monday, September 21, 2020
A man has been detained by prosecutors in Iasi on charges of being part of a group of Ecuadorian, Colombian and Albanian drug traffickers involved in the distribution of large amounts of cocaine in several European states.Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors, together with judicial police officers from the Iasi Organized Crime Combat Brigade, the Organized Crime Combat Directorate - Anti-Drug Service, the Center ...
RADEF RomaniaFilm relaunches its activity in cinema halls equipped with digital equippment
Monday, September 21, 2020
The Autonomous Administration of Film Distribution and Exploitation RomaniaFilm (RADEF RomaniaFilm) relaunches its activity in the cinema halls equipped with 2D/3D digital projection equipment and Dolby soundsystems: "Europa" - Bucharest, "Florin Piersic" - Cluj-Napoca, "Cinema Mon Amour" - Piatra Neamt, "Patria" - Craiova, "Sergiu Nicolaescu" - Targu Jiu and "Arta" in Sibiu."We want this to be a new beginning of a successful ...