Bucharest Stock Exchange recorded a new all-time high for its main index, BET, which gained 1.36% and overshot the 15,000-point mark for the first time ever, as all its 20 shares ended the session higher.
Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from this position and from the Board of Directors, the lender announced in a report to the Bucharest Stock Exchange.
HCLTech, a leading global technology company, has announced the launch of its new Global Delivery Center (GDC) in Romania, in the eastern city of Iasi.
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of EUR6 billion, on its entry into the Romanian market with its largest deal to date: the acquisition of 25 retail parks, an investment nearing EUR219 million.
Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, announced in a stock market report on Friday (Dec 8) the signing of the Business Transfer Agreement from UCM Resita (UCMR), specialized in manufacturing and trading of hydro aggregates and ancillary equipment, as well as in providing maintenance services and specialized technical assistance in the energy sector.
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclusions about our country that the efforts so far are not quite sufficient.
The Council of Europe Development Bank (CEB) and Patria Credit IFN, a non-banking financial institution part of Patria Bank Group, have signed a EUR10 million loan, supported by the InvestEU guarantee program, promoting small farmers and rural businesses, as well as facilitating Patria Credit IFN SA’s digitalization.