Romania’s equity market presence in the MSCI indices will increase to 26 companies from 1st of March 2024, following the quarterly index review conducted by global index provider MSCI in February this year. According to the announcement, Romania will have four new companies listed in the MSCI Frontier IMI and MSCI Romania IMI indices in the small cap category. They are: 2B INTELLIGENT SOFT (BENTO) COMPA (CMP) DN AGRAR GROUP (DN) PROSPECTIUNI (PRSN) At the same time Transport Trade Services (TTS) shares will be upgraded from Small Cap to Mid Cap / Large Cap and will be part of the MSCI Frontier and MSCI Romania indices which include only Mid Cap and Large Cap companies. The MSCI announcement is available at the following LINK. Also, according to the same announcement, the shares of Aquila Part Prod (AQ) will be excluded from MSCI Frontier Small Cap and MSCI Romania Small Cap indices as the market capitalization of the company exceeded the maximum allowed threshold of these indices. In the MSCI Frontier Markets indices, Romania is represented also by Banca Transilvania (TLV), BRD Groupe Societe Generale (BRD), Hidroelectrica (H2O), Nuclearelectrica (SNN), OMV Petrom (SNP), Romgaz (SNG), Electrica (EL), MedLife (M), One United Properties (ONE), Teraplast (TRP), Transelectrica (TEL), Transgaz (TGN), TTS Transport Trade Services (TTS), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bursa de Valori Bucuresti (BVB), Conpet (COTE), Purcari Wineries (WINE), Safetech Innovations (SAFE), Simtel Team (SMTL), Sphera Franchise Group (SFG). MSCI is one of the leading providers of global benchmark indices. Romania is currently classified by MSCI as a Frontier Market. On the other hand, Romania is classified as an Emerging Market by the global indices provider FTSE Russell, being represented by 13 companies: Banca Transilvania, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties, Teraplast, Aquila Part Prod, Bittnet Systems, Bursa de Valori Bucuresti, Conpet, Purcari Wineries, Sphera Franchise Group.
Romania's prime minister, Marcel Ciolacu, said in the evening of May 12, speaking for Antena 3, that the minister of defense Angel Tîlvăr expressed in a discussion "serious reservations" about the possibility of Romania giving a Patriot defense system to Ukraine. "But the decision is taken together with the president in the country's supreme defence […]
Banca Transilvania, the financial group that includes the largest bank in Romania by assets, announced its consolidated net profit increased by 35% y/y to RON 1.13 billion (EUR 226 million) in Q1. The bank's net profit was RON 913 million, marking the same 35% annual advance. The group's assets reached approximately RON 176 billion, while […]
Chimcomplex (BVB: CRC) announced it completed a EUR 2.4 million (eligible value) project aimed at implementing innovative green technology to produce new environmentally friendly polyols on April 30. The project was implemented at the industrial platform at Ramnicu Valcea (formerly Oltchim platform), and it was co-financed through the “Business Development, Innovation, and SMEs” program, with […]
The Czech agri-food group Agrofert, controlled by former prime minister Andrej Babis, received the European Commission's approval to take over the Romanian grain and oilseeds trader East Grain. The transaction relates primarily to a 65% stake in the Romanian company, taken over through a capital increase, Ziarul...
Mexican bakery group Bimbo informed its shareholders that a year after it took over Romania’s leading player Vel Pitar for EUR 200 million, it expanded with another deal that includes Trei Brutari and three franchisees owned by local entrepreneur Andrei Siminel,
Bank analysts turned more cautious about predicting an imminent rate cut at the May 13 board meeting of the National Bank of Romania (BNR), as both domestic and external developments over the past month are supporting a more cautious approach on the side of the monetary authority. The concerns are mostly related to the impact […]
