MARKET MOVING NEWS
ECONOMY
–Housing Costs on the Rise: Nearly 64% of Romanians report higher housing costs over the past year, despite homeownership remaining exceptionally high at 85%, well above the European average. (Source: Re/Max Europe’s European Housing Trend Report 2024)
–Retail Sales Leadership: Bucharest dominates Romania’s retail market with 10.49% of total national retail sales, followed by Timișoara (7.23%) and Cluj-Napoca (4.58%). (Source: Footprints AI survey)
–E-Commerce Growth: Romania’s e-commerce sector contributed 3.32% of GDP in 2024, showing steady growth but still lagging behind the European average (5%). Within the CEE region:
Greece leads with 7.87% of GDP, Bulgaria trails at 2.34%. (Source: Bulgarian eCommerce Association)
–Automotive Market Decline: New car registrations fell 10.4% in January 2025 vs. January 2024.
Fully electric vehicle registrations dropped 28.4%, accounting for a 9.8% market share. (Source: DGPCI & APIA)
FINANCE
–Tezaur Government Bonds: Romania’s Finance Ministry raised RON 1.02 billion from banks on Monday through bonds at a 7.39% annual yield. (Source: National Bank of Romania)
–UniCredit’s Performance: Italian banking giant UniCredit Group reported:
- €9.7 billion net profit (2024, up 2% YoY),
- €24.2 billion net revenue (up 4% YoY), driven by strong customer growth and diversified products.
Investment Funds Surge: The number of investment fund unitholders is nearing one million, with projections suggesting this milestone will be reached by mid-April 2025, president of the Fund Managers Association (AAF) Horia Gusta told a specialist debate on Monday.
Capital Market Offerings:
-Morphosis Capital, a private equity firm, raised €100 million for its second investment fund, doubling the size of its first fund launched in 2018 (Source: Ziarul Financiar)
-Stanleybet Capital (Game World Group) successfully completed its public bond offering with 148,124 bonds subscribed (59.2% of the target 250,000). (Source: Goldring, BVB report)
COMPANIES
– Hidroelectrica, Romania’s largest electricity producer and the biggest company listed on the Bucharest Stock Exchange (BVB), reported: Net electricity production of 13,864 GWh in 2024, A 21% decline vs. 2023 due to lower hydrological inflows (Source: Preliminary Operational Report 2024)
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9771 | GBP 5.9642 |
| USD 4.8244 | CHF 5.2894 |
| BGN 2.5448 | MDL 0.2562 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.49% BET-TR 0.49% BET-FI 0.05% BET-NG 0.83% BET-EF 0.63% BET-XT 0.44%, BET-BK 0.54% BET AeRO -0.98% ROTX 0.50% |
CAPITAL MARKET COMMENTARY
| The Bucharest Stock Exchange (BVB) extended its gains on Tuesday, reflecting European market strength.The BET index closed up 0.49%. Transgaz, Romania’s National Gas Transmission Company, led blue-chip gainers with a 2.55% surge in share price. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.4200 | 0.83 |
| AQUILA PART PROD COM | 1.1950 | 1.27 |
| BANCA TRANSILVANIA S.A. | 27.5000 | -0.36 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.3800 | 0.99 |
| C.N.T.E.E. TRANSELECTRICA | 43.9000 | 0.80 |
| Digi Communications N.V. | 64.6000 | 0.00 |
| FONDUL PROPRIETATEA | 0.3474 | 0.99 |
| MedLife S.A. | 5.7000 | -1.38 |
| OMV PETROM S.A. | 0.7450 | 1.22 |
| ONE UNITED PROPERTIES | 20.0500 | -0.99 |
| Premier Energy PLC | 19.1300 | -0.88 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.2800 | -0.70 |
| S.N. NUCLEARELECTRICA S.A. | 40.9000 | -0.24 |
| S.N.G.N. ROMGAZ S.A. | 5.6500 | 1.99 |
| S.N.T.G.N. TRANSGAZ S.A. | 26.1500 | 2.55 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 122.1000 | -0.25 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 14.7200 | 0.96 |
| Sphera Franchise Group | 40.1000 | 0.75 |
| TERAPLAST SA | 0.4150 | -0.48 |
| TTS (TRANSPORT TRADE SERVICES) | 5.0500 | 0.60 |
