MARKET MOVING NEWS
ECONOMY
-The Macroeconomic Confidence Index of CFA Romania Association rose by 7.3 points in March, reaching 43.9 points. The increase was driven entirely by higher future expectations, while the assessment of current conditions remained largely stable.
-Wages in Romania have experienced remarkable growth since the country’s entry into the European Union. According to analysts from the Romanian Economic Monitor (RoEM) – a research initiative of Babeș-Bolyai University’s Faculty of Economics and Business Administration – the average monthly net salary has more than tripled, soaring from EUR 312 in 2007 to EUR 1,045 in 2024.
-Romania’s general government budget deficit widened by 22% year-on-year, reaching RON 43.7 billion (EUR 8.8 billion) as of April 25, equivalent to 2.28% of the GDP projected by the government for the full year, the Finance Ministry announced.
FINANCE
-Credit Europe Bank unveiled its new identity as Nexent Bank, marking a strategic move aimed at upgrading and expanding its banking services.
-BT Pensii, part of Banca Transilvania Group, has taken over the voluntary pension fund FPF BRD Medio, now rebranded as Pensia Mea Plus, following approval from the Financial Supervisory Authority (ASF).
-Telecom operator Digi Communications secured EUR 200 million in five-year funding to expand its optical fiber networks in Europe. ING Bank and UniCredit Bank acted as joint coordinators and lead managers for the transaction.
-Private equity fund Provectus Capital Partners (PCP), based in Zagreb, Croatia, has expanded into Romania with a new office in Bucharest, strengthening its regional footprint alongside its locations in Slovenia, Bulgaria, and Serbia.
-The Bucharest Municipality has issued bonds worth RON 555 million to refinance its existing debt obligations.
-Romania is gaining traction among investors targeting industrial and office real estate in Central and Eastern Europe (CEE). According to a Colliers report, generous government incentives – covering up to 70% of eligible costs – are driving this trend.
COMPANIES
-Shareholders of Romanian oil giant OMV Petrom have approved record dividends totaling RON 2.8 billion (EUR 562.6 million) for the 2024 financial year. The company’s 2025 budget also envisions investments of RON 8.1 billion (EUR 1.6 billion).
-Chinese automaker Chery has announced its official entry into Romania through a partnership with AUTO ITALIA Group, part of the Samelet Group. The company plans to introduce its TIGGO SUV lineup starting in the second half of 2025.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9775 | GBP 5.8531 |
| USD 4.3845 | CHF 5.2865 |
| BGN 2.5449 | MDL 0.2538 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.13% – BET-TR -0.13% BET-FI 0.22% BET-NG -0.18% BET-EF -0.12% BET-XT -0.12%, BET-BK -0.35% BET AeRO 1.09% ROTX -0.13% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the red on Monday bucking the trend across Europe. The benchmark BET in dex fell 0.13%. Transport Trade Services led blue-chip decliners as its shares plunged 2.52%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.0750 | -0.24 |
| AQUILA PART PROD COM | 1.4140 | -0.56 |
| BANCA TRANSILVANIA S.A. | 28.1600 | 0.07 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.7800 | -0.21 |
| C.N.T.E.E. TRANSELECTRICA | 44.0500 | 0.69 |
| Digi Communications N.V. | 66.5000 | 0.15 |
| FONDUL PROPRIETATEA | 0.3855 | -0.64 |
| MedLife S.A. | 6.3500 | 0.00 |
| OMV PETROM S.A. | 0.7360 | 0.41 |
| ONE UNITED PROPERTIES | 18.2000 | -1.52 |
| Premier Energy PLC | 19.0000 | -0.52 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 15.3000 | 2.41 |
| S.N. NUCLEARELECTRICA S.A. | 41.3000 | 0.00 |
| S.N.G.N. ROMGAZ S.A. | 5.9700 | 0.17 |
| S.N.T.G.N. TRANSGAZ S.A. | 29.7500 | -0.17 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 119.7000 | -1.07 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 13.1000 | 0.00 |
| Sphera Franchise Group | 42.7000 | -0.93 |
| TERAPLAST SA | 0.3670 | -2.13 |
| TTS (TRANSPORT TRADE SERVICES) | 4.0600 | -2.52 |
