Romania’s Ministry of Finance successfully attracted RON 838 million and EUR 101 million (a total of over RON 1.3 billion, equivalent to EUR 269.7 million) through the third FIDELIS government bond offering of 2025. The bonds, intended for retail investors, were listed on the Bucharest Stock Exchange (BVB) and mark the latest step in Romania’s expanding strategy to tap into domestic savings.
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Romania’s Ministry of Finance announced a pre-stabilization period starting March 26, 2025, as part of its latest bond issuance—the country’s second tap into international markets this year. The new offering includes a long 7-year and a long 14-year Euro-denominated bond, both to be listed on the Luxembourg Stock Exchange. Stabilization Measures The stabilization period, designed to support the post-issuance market price of
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In February, Romania’s broad money supply (M3) reached RON 737,187.2 million (EUR 148.2 billion), according to the National Bank of Romania (NBR). This represents a 0.3% monthly increase (a 0.6% real-term decrease) and a 9.0% year-on-year growth (3.8% in real terms). Lending to the non-government sector saw a 0.4% monthly rise to RON 420,249.5 million (a 0.5% real-term decrease). RON-denominated loans, which
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Austria’s Addiko Group, a consumer and SME-focused bank active across Central and South-Eastern Europe (CSEE), is set to enter the Romanian market in the first quarter of 2025. The bank will begin with digital personal loan offerings, according to a report from Economedia.ro. Despite the launch, Addiko does not expect the Romanian expansion to significantly impact profitability before 2026. The bank’s interest
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InterCapital Asset Management (ICAM), a leading Croatian investment manager with €650 million in assets, has launched its second Exchange Traded Fund (ETF) on the Bucharest Stock Exchange (BVB), marking a significant milestone for Romanian investors. The InterCapital SBITOP TR UCITS ETF (ICSLOETF) provides direct exposure to Slovenia’s primary equity benchmark, the SBITOP TR index, a first for the Romanian market. This index
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Moody’s Ratings on Friday (March 14) revised the outlook for the Government of Romania to negative from stable, while affirming its long-term Issuer and Senior Unsecured Ratings at Baa3. The Senior Unsecured MTN Rating is also affirmed at (P)Baa3, and the short-term issuer ratings remain at Prime-3. The shift to a negative outlook is driven by concerns over Romania’s fiscal trajectory. Moody’s
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The National Bank of Romania (NBR) today announced an increase in the country’s foreign exchange reserves, reaching EUR 62,593 million as of February 28, 2025, up from EUR 60,837 million at the end of January 2025. This growth contributes to Romania’s total international reserves (foreign currencies and gold) reaching EUR 71,764 million, compared to EUR 69,810 million in the previous month. The
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Banca Transilvania Financial Group (BT), Romania’s leading lender, reported exceptional preliminary financial results for 2024, marked by substantial growth and strategic expansion. The Group’s assets surged to RON 207 billion, a 22.4% increase year-over-year, with the acquisition of OTP Bank Romania contributing 9.6 percentage points to this growth. Financial Highlights Consolidated net profit reached RON 4.7 billion, with Banca Transilvania contributing RON
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Romania’s Ministry of Finance announced a record-breaking Fidelis government bond issuance, attracting over RON 4.3 billion (EUR 865 million) in subscriptions during the February 7-14 period. The latest offering exceeded the previous high of RON 3.5 billion recorded in October 2024. This marks the first bond issuance on the Bucharest Stock Exchange (BVB) in 2025 and the 21st offering since the Fidelis
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The first bond issue of Mikro Kapital IFN S.A., a company specializing in lending services for micro and small enterprises in Romania, entered trading on February 14th, on the Multilateral Trading System (SMT) of the Bucharest Stock Exchange (BVB). The corporate, registered, non-convertible, guaranteed bonds, worth a total of EUR 2 million, will mature on 02.02.2027. The bonds identifiable under the stock
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