March | Romania Feed

BCR Pensii, the private pension fund with the biggest number of listed companies in its portfolio among the seven mandatory private pension funds in Romania, known as Pillar II, increased its ownership stake in telecom operator Digi Communications to 3.87% from 2.73% following deals worth as much as RON13.4 million closed in March 2023 at the Bucharest Stock Exchange.

Metropolitan Life Pensii Private, the manager of the third largest Pillar II pension fund in Romania after NN Pensii and AZT Viitorul Tau, went shopping in March 2023 and increased its stakes in several companies in the BET index amid lower prices.

Romanian authorities issued 3,346 residential building permits in March 2023, 30.1% more than in February 2023 and 23.8% fewer than in March 2022, data from the country’s statistics board INS showed on Friday (April 28).

Private lending in Romania grew by 10.2% in nominal terms (-3.8% in real terms) in March 2023 versus March 2022 to RON370.4 billion, as local currency lending increased by 2.7% (-10.3% in real terms) and foreign currency lending expressed in lei by 30.2% (+30.2% in real terms when expressed in euros), central bank data showed on Thursday (April 28).

Romania's annual inflation rate fell to 14.5% in March 2023 after reaching 15.5% in February 2023 and 15.1% in January 2023, data from the country's statistics board INS showed on Thursday (April 13).

Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).

Romania's Finance Ministry raised RON556 million from banks on Monday (March 27) selling bonds maturing in 2027, at an annual average yield of 7.15%.

Romania's Finance Ministry raised RON500 million on Thursday (March 23) selling bonds maturing in April 2025, at an annual average yield of 7.09%.

Romania's finance ministry continues the issues of FIDELIS government bonds for retail investors and launches on Bucharest Stock Exchange (BVB) the first offer in 2023, between March 27 and April 10.

Mastercard is launching in Romania a cashback campaign for people who during the March 24-31 period choose to pay their taxes with a Mastercard debit or credit card, on Ghiseul.ro platform and mobile app or on other online platforms made available by local administrations.

Romania's finance ministry raised RON1.2 billion on Monday (March 20, 2023) through two government bond issues, at annual average yields of 7.32% and 6.86%, respectively.

Romania's finance ministry raised RON1.03 billion on Thursday (March 16, 2023) through two government bond issues, at annual average yields of 6.70% and 7.51%, respectively.

Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%.

Romania's Finance Ministry raised RON589.2 million on Thursday (March 9) selling bonds maturing in April 2031, at an annual average yield of 7.59%.

The Bucharest Stock Exchange (BVB) announced on Monday (March 6) that the bonds issued by Bittnet Systems S.A., in the amount of over EUR2 million, would start trading on its Main Market, under the BNET26E stock ticker, on Tuesday (March 7).

Romania's finance ministry raised nearly RON1 billion on Thursday (March 2, 2023) through two government bond issues, at annual average yields of 7.99% and 7.27%, respectively.

Franklin Templeton International, the manager of Fondul Proprietatea (FP.RO), has summoned FP shareholders on March 23 for the Ordinary and Extraordinary General Meetings and one of the issues on the agenda targets the approval of the allocation of the remaining net accounting profit.

Romania’s finance ministry will be launching new government bond issues for the general population only, starting Wednesday (March 1, 2023), through the TEZAUR program.

Wizz Air announced on Tuesday (Feb 27) that it would suspend all flights from and to Chisinau, the capital city of the Republic of Moldova, starting March 14, 2023.

SII Romania, specialized in IT services and solutions, ended fiscal year April 2021-March 2022 with EUR19 million turnover, up 48% from the previous period, according to the company’s officials.