MARKET MOVING NEWS
ECONOMY
-A total of 7,274 new insolvency proceedings were opened in Romania in 2024, marking a 9.38% increase from the 6,650 cases recorded in 2023, according to a Coface Romania study.
FINANCE
– CFA Romania analysts project the Leu to reach 5.15 units per Euro over the next 12 months, alongside an estimated 4.97% inflation rate and 1.5% economic growth.
-CEC Bank has secured European Commission approval for a capital increase, while Exim Banca Românească is still awaiting a decision, according to financial market sources.
-Starting March 10, 2025, Romanian debit card holders with accounts on www.ghiseul.ro can purchase government bonds online via the TEZAUR program.
-Romania’s factoring market closed 2024 with a total operations volume of EUR 9.4 billion, up 8% year-over-year, per data from the Romanian Factoring Association (ARF).
COMPANIES
-TeraPlast Bistrița (TRP), a building materials producer, reported a RON 19.6 million loss in 2024, reversing a RON 1.1 million profit in 2023, largely due to higher interest and amortization costs related to new manufacturing investments.
-Antibiotice Iași, a leading pharmaceutical producer, saw revenues rise by 8% to RON 693 million, with net profit surging 23% to RON 99 million compared to 2023.
-Winemaker Purcari recorded RON 382.4 million in revenues for 2024, up 3%, driven by a 13% expansion in the main wine segment. However, net profit declined 10% to RON 57.3 million.
-Hidroelectrica, the largest Bucharest Stock Exchange-listed company, posted a 35% decline in net profit to RON 4.1 billion, while revenues dropped 25% to RON 9.1 billion, reflecting sector-wide challenges.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9774 | GBP 5.9965 |
| USD 4.7417 | CHF 5.2954 |
| BGN 2.5449 | MDL 0.2547 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.47% BET-TR 0.47% BET-FI 0.25% BET-NG -0.25% BET-EF 0.34% BET-XT 0.35%, BET-BK 0.41% BET AeRO 0.58% ROTX 0.44% |
CAPITAL MARKET COMMENTARY
| Romanian stocks ended higher on Tuesday, mirroring European gains as investors digested a flurry of corporate earnings reports. The BET index, the Bucharest Stock Exchange’s benchmark, climbed 0.47%, with Banca Transilvania leading the blue-chip rally, gaining 2.66%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.4300 | 2.10 |
| AQUILA PART PROD COM | 1.3500 | 1.50 |
| BANCA TRANSILVANIA S.A. | 28.9500 | 2.66 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.0600 | 0.33 |
| C.N.T.E.E. TRANSELECTRICA | 45.8500 | -0.11 |
| Digi Communications N.V. | 67.4000 | 0.60 |
| FONDUL PROPRIETATEA | 0.3662 | 0.88 |
| MedLife S.A. | 5.8800 | -0.17 |
| OMV PETROM S.A. | 0.7580 | 0.13 |
| ONE UNITED PROPERTIES | 20.6000 | 0.49 |
| Premier Energy PLC | 18.9400 | -0.84 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.4800 | 0.42 |
| S.N. NUCLEARELECTRICA S.A. | 41.9500 | -1.64 |
| S.N.G.N. ROMGAZ S.A. | 5.9000 | -0.17 |
| S.N.T.G.N. TRANSGAZ S.A. | 28.2500 | 1.80 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 120.8000 | -0.66 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 14.9200 | -1.32 |
| Sphera Franchise Group | 40.5000 | -0.49 |
| TERAPLAST SA | 0.4290 | 1.18 |
| TTS (TRANSPORT TRADE SERVICES) | 5.1400 | -0.58 |
