MARKET MOVING NEWS
ECONOMY
-Romania’s economic landscape is facing notable pressures, as highlighted by the latest Eurostat report. The nation recorded the highest current account deficit within the European Union for the fourth quarter of 2024, reaching minus EUR 9.4 billion, a further widening from the previous quarter’s deficit of minus EUR 8.5 billion. This signals potential macroeconomic challenges that may be influencing investor sentiment.
FINANCE
-The International Finance Corporation (IFC) is providing a USD 42 million equivalent debt financing package to Agricover Credit IFN, Romania’s largest non-banking financial institution specializing in agriculture.
-Globinvest, an asset management company based in Cluj-Napoca, is preparing to launch an exchange-traded fund (ETF) focused on energy and financial companies, potentially offering new investment avenues.
-Sweden’s multinational construction and development company Skanska sold the first phase of the Equilibrium office complex in Bucharest to Gordiusz Private Equity Fund, managed by Gránit Asset Management.
COMPANIES
-A new type of limited liability company (S.R.L.), designated as “firmă de exercițiu” (practice firm) with the abbreviation “S.R.L.-F.E.”, is being introduced for individuals aged 16 to 18 in Romania, according to a draft.
-The European Health and Wellness giant, Holland & Barrett, is set to enter the Romanian market through Fourlis, the Greek company that also operates the Intersport franchise locally, expanding the retail landscape.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9770 | GBP 5.8826 |
| USD 4.5295 | CHF 5.2969 |
| BGN 2.5447 | MDL 0.2564 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -2.57% BET-TR -2.57% BET-FI -2.28% BET-NG -2.29% BET-EF -2.54% BET-XT -2.50%, BET-BK -3.35% BET AeRO -3.07% ROTX -2.55% |
CAPITAL MARKET COMMENTARY
| The Bucharest Stock Exchange (BVB) experienced a significant downturn, reflecting the broader global market trends. The benchmark BET index plunged 2.57%. Notably, Electrica led the blue-chip decliners, with its shares plummeting 11.11%. This sharp decline underscores the current market volatility and investor caution. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.1000 | -2.78 |
| AQUILA PART PROD COM | 1.3250 | -3.64 |
| BANCA TRANSILVANIA S.A. | 27.3000 | -3.70 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 17.9600 | -1.75 |
| C.N.T.E.E. TRANSELECTRICA | 41.1000 | -4.53 |
| Digi Communications N.V. | 64.8000 | -1.82 |
| FONDUL PROPRIETATEA | 0.3628 | -3.92 |
| MedLife S.A. | 6.1800 | -3.29 |
| OMV PETROM S.A. | 0.7200 | -1.37 |
| ONE UNITED PROPERTIES | 18.1800 | -1.73 |
| Premier Energy PLC | 19.1000 | -0.52 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.6000 | -1.35 |
| S.N. NUCLEARELECTRICA S.A. | 39.0000 | -2.50 |
| S.N.G.N. ROMGAZ S.A. | 5.8600 | -2.33 |
| S.N.T.G.N. TRANSGAZ S.A. | 27.2000 | -3.72 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 120.2000 | -1.07 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 11.2000 | -11.11 |
| Sphera Franchise Group | 41.0000 | -0.49 |
| TERAPLAST SA | 0.3645 | -4.46 |
| TTS (TRANSPORT TRADE SERVICES) | 3.9000 | -3.11 |
