Romania Capital Market Review 29.04.25

Romanian capital market

MARKET MOVING NEWS

ECONOMY


-Managers anticipate moderate growth in economic activity across the manufacturing industry, retail trade, and services sectors through June 2025, according to data published by the National Institute of Statistics (INS). Employment levels are expected to remain relatively stable in manufacturing and services, while price increases are forecasted across all sectors of the economy.

-The National Bank of Romania (NBR) has launched Economic@BNR, a platform dedicated to economic research and analysis relevant to Romania, particularly in the context of supporting national objectives related to economic and financial education.

FINANCE

-The Finance Ministry raised RON 910 million from banks on Monday, April 28, 2025, through two auctions of government securities, achieving annual average yields of 7.42% and 7.14%, respectively.

-On April 29, 2025, the Finance Ministry announced plans to launch a new issue of Fidelis government bonds for retail investors, scheduled to take place between May 9 and May 16, 2025. This will be the fourth Fidelis edition this year.

-According to the Roland Berger study Private Equity Industry Outlook for 2025, private equity funds operating locally are expected to invest between EUR 500 million and EUR 1 billion in Romania over the coming years.

-Libra Internet Bank, part of U.S. investment group New Century Holdings, reported a net profit exceeding RON 270 million in 2024, marking a 14.8% decrease compared to the previous year, mainly due to the introduction of the new turnover tax.

-Franklin Templeton International Services (FTIS), manager of AFIA and sole director of Fondul Proprietatea, announced that Marius Dan will succeed Johan Meyer as Branch Manager of the FTIS Bucharest Branch starting July 1, 2025.

-Patria Bank, listed on the regulated market of the Bucharest Stock Exchange, aims to achieve a net profit of RON 52.9 million in 2025, a robust 51% increase compared to 2024, reflecting adjustments for the newly introduced 2% turnover tax applicable to credit institutions.

COMPANIES

-Delgaz Grid, a distribution company part of the E.ON Group in Romania, completed three investment projects in 2024 totaling RON 10 million (approximately EUR 2 million) for the modernization and expansion of the gas network in Satu Mare County.

-Romanian jewelry retailer Teilor Holding Group, with several bond issues listed on the Bucharest Stock Exchange, announced on April 28, 2025, that it has decided to close its jewelry stores in the Czech Republic, Poland, and Hungary due to the lack of medium- and long-term growth prospects in these markets. The group remains active internationally, maintaining operations in Bulgaria.

TODAY’S MARKET DATA

EXCHANGE RATE OF THE NATIONAL LEU CURRENCY

EUR 4.9774GBP 5.8568
USD 4.3711CHF 5.2912
BGN 2.5449MDL 0.2542

(Source: National Bank of Romania BNR)

BUCHAREST STOCK EXCHANGE (BVB) INDICES

BET 0.15% – BET-TR 0.15% BET-FI 1.13% BET-NG 0.47% BET-EF 0.27%
BET-XT 0.21%, BET-BK -0.03% BET AeRO -0.55% ROTX 0.17%
(Source: BVB)

CAPITAL MARKET COMMENTARY

Bucharest stocks closed higher on Tuesday with the BET index closing up 0.15% and Electrica leading the blue-chip gainers as its shares gained 1.53%.

BET Index Constituents

CompanyPriceChange (%)
ANTIBIOTICE S.A.2.0600-0.72
AQUILA PART PROD COM1.42600.85
BANCA TRANSILVANIA S.A.28.20000.14
BRD – GROUPE SOCIETE GENERALE S.A.18.6800-0.53
C.N.T.E.E. TRANSELECTRICA44.05000.00
Digi Communications N.V.66.1000-0.60
FONDUL PROPRIETATEA0.3850-0.13
MedLife S.A.6.2400-1.73
OMV PETROM S.A.0.74200.82
ONE UNITED PROPERTIES18.0000-1.10
Premier Energy PLC18.8000-1.05
PURCARI WINERIES PUBLIC COMPANY LIMITED15.2000-0.65
S.N. NUCLEARELECTRICA S.A.40.5500-1.82
S.N.G.N. ROMGAZ S.A.5.97000.00
S.N.T.G.N. TRANSGAZ S.A.29.3000-1.51
S.P.E.E.H. HIDROELECTRICA S.A.121.20001.25
SOCIETATEA ENERGETICA ELECTRICA S.A.13.30001.53
Sphera Franchise Group42.6000-0.23
TERAPLAST SA0.3660-0.27
TTS (TRANSPORT TRADE SERVICES)4.0500-0.25