Tag: Bucharest stock market

  • October 2, 2023

    October 2, 2023

    UNIVERSITY
    YEAR – The Francophonie House was opened
    today in the campus of the Polytechnics University of Bucharest, in a ceremony
    attended by president Klaus Iohannis opening the new academic year. The House
    is the second of its kind after the one in Paris. The building was erected in
    record time and will house 300 students and researchers involved in different
    scholarly projects. In 2023 Romania celebrates 30 years since it joined the
    International Organization of La Francophonie (OIF). In the opening of the new
    academic year, Interior Minister Cătălin Predoiu told students that observance
    of the law and respect for fellow citizens underlie just and prosperous
    societies. In turn, Defense Minister Angel Tîlvăr attended the opening of the
    academic year at the Military Academy. Education Minister Ligia Deca and Health
    Minister Alexandru Rafila attended the opening ceremony at the Carol Davila
    University of Medicine and Pharmacy in Bucharest.




    STOCK
    EXCHANGE – The
    Bucharest Stock Exchange had an output of 22% in the first 9 months of the
    year, according to the Romanian Stock Market index (BET), rating 20 of the most
    traded companies in Romania. Factoring in the stock options provided by these
    companies, the stock market also recoded earnings of nearly 30%. A third of
    this growth was reported in September, when the two indexes reached an all-time
    high, growing by 9% and 10% respectively. The top three most traded companies
    last week were Hidroelectrica, OMV Petrom and Transilvania Bank.




    FLU – The anti-flu vaccination campaign kicks off this
    week, with a few changes compared to previous years. Certain categories of the
    population will continue to benefit from fully-subsidized vaccines, based on
    prescriptions provided by family physicians. People aged 65, children under 6,
    institutionalized people, pregnant women, chronically ill patients and medical
    staff will benefit from free-of-charge vaccination in medical practices. Right
    now, the anti-flu shots can also be administered in certain drug stores.
    Medical experts warn the flu virus could cause trouble this year amidst a
    resurge of COVID-19 cases.




    PNRR – Romania received the second installment of European
    funds as part of its national recovery and resilience plan (PNRR), worth 2.7
    bln EUR. Romania has so far fulfilled 49 of the 51 milestones linked to the second
    installment. Two milestones regarding investments in energy have not been fully
    implemented, yet Brussels believes Romania has taken measures to remedy the
    situation. Prime Minister Marcel Ciolacu said the government must be efficient
    and transparent in administering these funds earmarked for a number of key
    reforms addressing green and digital transition. At the same time, Bucharest is
    focusing on implementing milestones and targets pertaining to the third
    installment, the Prime Minister added. So far Romania was disbursed 10 of the
    total of 29 bln EUR as grants and loans under PNRR.




    FOREIGN AFFAIRS – Foreign Minister
    Luminița Odobescu is today attending the informal meeting of EU Foreign
    Ministers hosted by Kyiv, Ukraine. In a post on social media, the Romanian
    official wrote she will convey Romania’s firm support for Ukraine and its
    people. Together we support the values of democracy, peace and freedom, the
    Foreign Minister added. Also on social media, the EU High Representative for
    Foreign Affairs and Security Policy, Josep Borrell, said We are convening
    in a historic meeting of the EU foreign ministers here in Ukraine, candidate
    country and future member of the EU. We are here to express our solidarity and
    support to the Ukrainian people, Borrell said in his statement. Ukraine’s
    Foreign Minister, Dmytro Kuleba, hailed the first meeting of his European peers
    in Kyiv, held within what he described as the future borders of the European
    Union.




    ILLEGAL
    WASTE – Two transports of illegal waste from
    Italy were identified on Sunday on the premises of a company in Bihor County,
    prosecutors have announced in the wake of searches conducted in a number of
    counties in Western Romania. The authorities targeted the headquarters and
    operating halls of companies that illegally imported waste. Prosecutors have
    identified 57 such transports totaling some 1,500 tons of illegal waste. Other
    such transports were halted at the border.




    UNEMPLOYMENT – The unemployment rate stood at 5.4% in August, down
    by 0.1% compared to the previous month, the National Statistics Institute
    reports. Unemployment in men is 1% higher compared to women. Youth unemployment
    remains high, standing at some 22%. People aged 25-74 accounted for 78% of the
    total number of unemployed.




    NOBEL – The 2023 Nobel Prize in
    Physiology or Medicine has been awarded to Katalin Karikó and Drew Weissman for
    their discoveries concerning nucleoside base modifications that enabled the
    development of effective mRNA vaccines against COVID-19, the Royal Swedish
    Academy of Science announced earlier today.




    RUGBY – South Africa defeated Tonga 49-18 in a Pool B
    fixture on Sunday and is very close to securing qualifications to the
    quarterfinals of the World Rugby Cup hosted by France. South Africa leads the
    Pool tables with 15 points, followed by Ireland with 14 points, Scotland with
    10 points, Tonga and Romania with zero points. Romania conceded bitter defeats
    to Ireland, South Africa and Scotland. Romania’s last match at the World Cup is
    against Tonga on October 8. (VP)