Finance | 19 May, 2025 at 10:36 AM
BVB indices open higher on Monday
The Bucharest Stock Exchange (BVB) opened the trading week in positive territory, with most of its main indices showing gains in the early hours of Monday.
The Bucharest Stock Exchange (BVB) opened the trading week in positive territory, with most of its main indices showing gains in the early hours of Monday.
The second half of the year was much more negative, influenced by energy market volatilities which drove weaker results for the sector.
Increased IPO activity has heightened competitiveness among companies to meet the Bucharest Stock Exchange's criteria for "blue chip" status.
Romanian energy, utility and financial companies, listed on the Main Market, represent approximately 58% of the regulated market capitalization.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.