Romanian Stocks Rally to Record on Plan to Sell State Stakes

Romania’s stock market is catching up with eastern Europe’s equity rally, buoyed by the government’s plan to sell more stakes in state companies on the Bucharest bourse.

The Black Sea nation’s main BET index, which has trailed its regional peers for much of this year because of Romania’s political turmoil, has advanced more than 20% since a centrist candidate defeated the far-right frontrunner in the May presidential election. The benchmark rose about 1% to a record on Thursday, after exceeding a key threshold of 20,000 points in the previous session.