Viewing posts from : September 2014

Bucharest Stock Exchange wants shorter settlement cycle

The board of the Bucharest Stock Exchange (BVB) wants to shorten the settlement cycle from the current T+3 to T+2, starting October 6 this year.This should allow investors to cash in their money from the sale of shares on the Romanian capital market two days after the transaction compared to the current three days. The […]

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Romania up 17 places in WEF’s Global Competitiveness Report

Romania climbed 17 places, from 76th to 59th, in the Global Competitiveness Report released annually by the World Economic Forum (WEF), ranking higher than EU countries like Hungary, Greece and Croatia, but behind Bulgaria, Cyprus, Latvia or Poland. In terms of neighbouring countries, Romania is surpassed only by Bulgaria, which ranked 54th. Hungary comes after […]

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Romania’s Government in talks about first high-speed railway

Romania’s Government talked with several Chinese companies about the possibility to build a high-speed railway between Romania’s capital Bucharest and Iasi, which could then be extended to Moldova’s capital Chisinau. Prime Minister Victor Ponta and transport minister Ioan Rus went on a high-speed train from Beijing to Tianjin during their visit to China. On this […]

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Bank of America Merrill Lynch wants bigger footprint in Romania

Bank of America Merrill Lynch is interested in increasing its presence in Romania. The investment bank’s director for Central and Eastern Europe Chris Saunders met the Romanian delegate minister for Energy Răzvan Nicolescu on Thursday, August 28, and talked about the recent privatizations in Romania and the increased interest for Romania from American investors. Bank […]

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