CAPITAL MARKET MOVING NEWS
ECONOMY
In October, Romania’s trade deficit increased by 33% on an annual basis to reach a new record of EUR3.72bn, the National Institute of Statistics (INS) data showed. Imports grew by 8.6% to EUR12.2bn while exports advanced by only 0.5% to EUR8.45bn.
FINANCE
-Romania’s Finance Ministry raised nearly RON2 billion from banks on Monday (Dec 9.), through two auctions of government securities at yields of 6.87% and 6.68% per year, accoring to the National Bank of Romania (BNR).
-The Bucharest Stock Exchange (BVB) is exploring options for creating a Stock Exchange in Chisinau, together with the Moldovan state and other partners from the Republic of Moldova.
COMPANIES
-Romanian telecom giant Digi Romania S.A. agreed an export credit facility worth nearly EUR 62 million with ING bank to develop telecom networks of subsidiaries in Romania, Spain, Portugal and Belgium.
-Romanian food retail chain AuGust has entered into negotiations for the acquisition of the 87 Profi and Mega Image stores that Ahold Delhaize must sell as part of the transaction through which the Dutch-Belgian retailer acquired the Profi chain, Economica.net reported citing AuGust co-founder Gabriel Sandu.
-Romanian steel mill ArcelorMittal Hunedoara, part of Luxembourg-based multinational steel corporation, said is temporarily scaling down its business operations during December 9 – 31, 2024 amid economic difficulties caused by a lack of orders.
-INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition.
REAL ESTATE
-The Romanian real estate investment market ended the first nine months of 2024 with deals worth about EUR650 million, around three times more than in the same period a year ago, registering the biggest deal activity growth in the CEE region, Colliers data revealed.
-The National Tax Agency (ANAF) will modify the registration of rental contracts, Profit.ro reported. The procedure for the registration of lease agreements, transfer of the use of personal property, other than rental income and income from the rental for tourism purposes of rooms located in personally owned dwellings, will be modified to allow the designation of the owner or other legal holder who fulfills the obligation to register the contract concluded between the parties, if the property is jointly owned, according to a draft order issued by the president of the National Tax Agency (ANAF).
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9709 | GBP 6.0224 |
| USD 4.7216 | CHF 5.3650 |
| BGN 2.5416 | MDL 0.2563 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.98% BET-TR 0.98% BET-FI 0.60% BET-NG 1.51% BET-EF 1.01% BET-XT 1.03%, BET-BK 1.26% BET AeRO 0.65% ROTX 0.99% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks extended their gains on Tuesday bucking the trend across Europe, with the benchmark BET index closing up 0.98% at 17,177.70 points. Transport Trade Services led blue-chip gainers surging by 6.08%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.7000 | 0.75 |
| AQUILA PART PROD COM | 1.2700 | 2.01 |
| BANCA TRANSILVANIA S.A. | 28.2500 | -0.35 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.7000 | 0.54 |
| C.N.T.E.E. TRANSELECTRICA | 40.7000 | 2.78 |
| Digi Communications N.V. | 65.8000 | 1.86 |
| FONDUL PROPRIETATEA | 0.3032 | 0.07 |
| MedLife S.A. | 5.9600 | 1.19 |
| OMV PETROM S.A. | 0.7380 | 1.44 |
| ONE UNITED PROPERTIES | 0.4025 | -0.98 |
| Premier Energy PLC | 19.9500 | 0.35 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.7200 | 0.00 |
| S.N. NUCLEARELECTRICA S.A. | 42.5000 | 1.55 |
| S.N.G.N. ROMGAZ S.A. | 5.4500 | 1.68 |
| S.N.T.G.N. TRANSGAZ S.A. | 23.3000 | 4.48 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 122.9000 | 0.74 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 13.3600 | 1.83 |
| Sphera Franchise Group | 39.6000 | -0.75 |
| TERAPLAST SA | 0.4205 | 1.69 |
| TTS (TRANSPORT TRADE SERVICES) | 4.3600 | 6.08 |
