MARKET MOVING NEWS
ECONOMY
– Bucharest has surpassed the GDP of both Bulgaria and Serbia, despite each country having double the population (6.7 million) and capital cities with 1.7 million residents. Eurostat data reveals the Bucharest-Ilfov region’s nominal GDP reached EUR 95.5 billion in 2023, showcasing its strong economic performance.
-Romania’s economy is poised for a significant boost, with EUR 450-500 million in investment funds ready to flow in. These funds, already earmarked for investment, are expected to stimulate growth, according to Horia Manda, president of the Romanian Private Equity Association (ROPEA), as reported by Ziarul Financiar.
FINANCE
-Romanian businesses may see a rise in the VAT payer threshold, from the current RON 300,000 to RON 395,000, starting in April. This potential change is outlined in a draft law published by the Finance Ministry.
– Romania is set to advance in cutting-edge technology with nearly EUR 180 million allocated for two research and development projects focusing on nuclear energy and artificial intelligence (AI), as announced by the Ministry of Investments and European Projects (MIPE).
-Electrica, a major player in Romania’s electricity market, plans to issue EUR 500 million in green bonds in July. The funds will be directed towards projects supporting the green transition.
– Hidroelectrica, Romania’s leading energy producer and largest listed company on the Bucharest Stock Exchange, now benefits from Issuer Market Maker services provided by BRK Financial Group, effective March 7.
COMPANIES
-Turism Felix (TUFE.RO), operator of five hotels in Baile Felix spa town, announced the termination of Emil-Razvan Pirjol’s CEO mandate, effective April 1, following a board of directors’ decision on March 6, 2025.
-Autonom Group, a leader in Romania’s operating lease and rent-a-car markets, has acquired a stake in Eazy Asigurari, a company owned by investment vehicle D Craig Holding.
– Sibiu-based Con-A, leading a consortium, has secured the contract for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital. The contract for the main works has been signed.
-Private equity firm ROCA Investments will fully divest from RDF, an agribusiness encompassing grain farming and input wholesale/trading, after five years in the sector.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9766 | GBP 5.9245 |
| USD 4.5831 | CHF 5.2229 |
| BGN 2.5445 | MDL 0.2546 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.82% BET-TR -0.82% BET-FI 0.10% BET-NG -0.81% BET-EF -0.82% BET-XT -0.66%, BET-BK -0.79% BET AeRO 0.61% ROTX -0.83% |
CAPITAL MARKET COMMENTARY
| Romanian stocks traded in the red on Monday in line with rest of Europe amid global uncertainty surrounding U.S. tariffs. Bucharest’s benchmark BET index was off 0.82% with Electrica leading blue-chip decliners as its shares slumped 3.65%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.4100 | -0.41 |
| AQUILA PART PROD COM | 1.4100 | 0.00 |
| BANCA TRANSILVANIA S.A. | 28.5500 | -1.21 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.2400 | 0.11 |
| C.N.T.E.E. TRANSELECTRICA | 45.7000 | -0.44 |
| Digi Communications N.V. | 67.0000 | -1.18 |
| FONDUL PROPRIETATEA | 0.3566 | -0.28 |
| MedLife S.A. | 6.1100 | -0.65 |
| OMV PETROM S.A. | 0.7400 | -1.33 |
| ONE UNITED PROPERTIES | 20.0000 | 0.10 |
| Premier Energy PLC | 19.1000 | -0.52 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.6800 | 0.00 |
| S.N. NUCLEARELECTRICA S.A. | 41.1000 | 0.00 |
| S.N.G.N. ROMGAZ S.A. | 5.8800 | -0.68 |
| S.N.T.G.N. TRANSGAZ S.A. | 28.6000 | -0.17 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 121.1000 | -0.25 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 13.2000 | -3.65 |
| Sphera Franchise Group | 41.2000 | -0.24 |
| TERAPLAST SA | 0.4175 | -0.71 |
| TTS (TRANSPORT TRADE SERVICES) | 4.7000 | 0.00 |
