Economy of Romania

All the parties involved must sit down at the same table to hammer out a new national strategy for developing the capital market, president of the Bucharest Stock Exchange (BVB) Lucian Anghel told a specialist event on Monday.

Businesses in the postal and courier sector exceeded the 4 billion lei threshold in 2018 due to the spectacular increase in product sales on the Internet, KeysFin specialists estimate in an analysis published on Monday.

The private sector in Romania contributes almost 80 percent to the country's Gross Domestic Product (GDP), Bucharest Stock Exchange (BVB) CEO Lucian Anghel told the launch on Monday of the third edition of a "Made in Romania" project.

With 0.7 percent economic growth in Q4 2018 compared to the third quarter, Romania more than twice outpaced both the euro zone and the European Union, that registered 0.2 percent growth, shows a flash estimate released on Thursday by EU's statistical office Eurostat.

The advance of the Romanian economy slowed down to 4.1 pct in 2018, from 7 pct in the previous year, according to the alarm estimates published on Thursday by the National Institute of Statistics (INS).

The Bucharest Stock Exchange (BVB) closed 2018 with a 4.77 percent decrease of the local market's blue-chip index, the BET, which includes the most traded 15 companies, BVB said in a release.

According to the preliminary data, Gross Domestic Product at current prices in the third quarter of 2018 is 29 822 million BGN.

The GDP per person amounted to 4 236 BGN.

Romanian giant OMV Petrom opened and developed new gas reserves in the southern part of the country. The company probed a new well near its existing Mamu field, at a depth of 4400 m where it found gas and condensate. The new well has already begun production at the end of October, extracting over 190,000 cubic meters of gas per day, the company said, reports money.bg

The value of the shares listed on the Bucharest Stock Exchange is over 10 percent of the GDP, but on a developed exchange it should be at least 30 percent of the GDP, the Director General of the Bucharest Stock Exchange, Adrian Tanase said on Tuesday at a specialist event.

Bucharest, Aug 10 /Agerpres/ - TAROM puts up for sale 159 euro-worth round-trip tickets for the August 10-14 2018 interval, for destinations in Europe and not only, the company informs on Friday.

Tickets that cost 159 euros, all fees included, are thus available for flights between Bucharest and Amman, Nice, Paris, Madrid and also between Timisoara and Paris and Cluj and Paris.