MARKET MOVING NEWS
ECONOMY
-Romanian executives expect relative stability in the economic activity and the number of employees in the manufacturing and services sectors and a sharp increase in prices in the retail trade sector between January and March 2025, according to a survey conducted by the National Institute of Statistics (INS).
-Romanian authorities need to rebuild the confidence of markets, international institutions and rating agencies, without which Romania cannot finance its deficits in a sustainable way and cannot ensure a credible environment for investments, Valentin Tătaru, chief economist of ING Bank told local daily Ziarul Financiar.
FINANCE
-Emerging markets could witness a feared “sudden stop” in capital flows as U.S. President Donald Trump’s “America First” policies stimulate the US economy and siphon money from poorer countries, JPMorgan warned. The investment bank said those most at risk were Romania, Malaysia, South Africa and Hungary, Reuters reported.
-Bucharest, Ilfov and Timis are the top three regions with the most mortgages granted in 2024 in Romania, according to an analysis released by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania.
-Tricomserv, a Romanian company specialised in industrial production and manufacturing of equipment for water supply and sewage systems, has issued today its first set of bonds worth RON 2.5 million under the Multilateral Trading System of the Bucharest Stock Exchange.
-Greek lender Eurobank has inked an agreement to sell IMO Property Investments Bucharest, securing the strategic supervision and sale of its Romanian real estate assets, to Alternative Asset Management Firm APS Group.
-British multinational neobank Revolut makes 9,000 assets, namely stocks, ETFs, corporate and government bonds, available to Romanian customers to invest in 2025, according to the fintech company.
COMPANIES
The number of insolvencies in Romania increased by 9.4%, suspensions were up 15% and dissolutions or de-registrations of companies grew by 17% in 2024 compared with 2023, according to specialized analysis based on data centralized by KeysFin, citing the National Trade Register Office.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9748 | GBP 5.9347 |
| USD 4.7679 | CHF 5.2655 |
| BGN 2.5435 | MDL 0.2564 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.31% BET-TR 0.31% BET-FI 0.35% BET-NG 0.50% BET-EF 0.35% BET-XT 0.34%, BET-BK 0.39% BET AeRO -0.56% ROTX 0.28% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded higher on Tuesday with the BET index gaining 0.31%. Transport Trade Services led bluechip gainers surging by 2.70%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.5600 | 0.79 |
| AQUILA PART PROD COM | 1.1550 | 0.00 |
| BANCA TRANSILVANIA S.A. | 27.4000 | -1.08 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.6000 | 2.20 |
| C.N.T.E.E. TRANSELECTRICA | 41.5000 | 1.47 |
| Digi Communications N.V. | 65.2000 | 0.00 |
| FONDUL PROPRIETATEA | 0.3418 | 0.71 |
| MedLife S.A. | 5.8500 | 0.17 |
| OMV PETROM S.A. | 0.7320 | 1.17 |
| ONE UNITED PROPERTIES | 0.4020 | -0.74 |
| Premier Energy PLC | 19.3500 | 0.21 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.4000 | -2.04 |
| S.N. NUCLEARELECTRICA S.A. | 41.0000 | 1.23 |
| S.N.G.N. ROMGAZ S.A. | 5.3200 | 0.19 |
| S.N.T.G.N. TRANSGAZ S.A. | 24.2500 | 1.04 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 122.5000 | 0.08 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 14.3400 | -1.65 |
| Sphera Franchise Group | 39.9000 | 1.27 |
| TERAPLAST SA | 0.4290 | 2.14 |
| TTS (TRANSPORT TRADE SERVICES) | 4.9500 | 2.70 |
