Romania’s capital market will be included the Advanced Frontier Market (AFM) subcategory, MSCI, a global provider of financial indices, announced after its annual review of capital markets accessibility (Global Market Accessibility) published on June 19.
Germany’s Schwarz Group, the owner of Lidl and Kaufland, is buying 70% in Romanian retailer La Cocos. The founder of the business, entrepreneur Iulian Nica, will keep the remaining 30%.