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Romania – NBR upwardly revised the inflation forecast | NEGATIVE

by Stoian Cosmin 08/14/2026

• Romania – NBR upwardly revised the inflation forecast | NEGATIVE• On 13th of August the National Bank of Romania (NBR) released the Quarterly Report on Inflation, which includes the revised macroeconomic scenario of the central bank, updated through the incorporation …

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08/14/2026

TEL RO: H1 2026 Results | NEUTRAL

by Stoian Cosmin 08/14/2026

* TEL RO: Transelectrica published H1 2026 results | NEUTRAL. * Transelectrica reported H1’26 net profit of RON 356m, up 39% Y/Y, driven by higher revenues in the profit-allowed segment, but 7% below our estimate on lower-than-expected charged electricity volumes. * …

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08/14/2026

TGN RO: Q2 2026 Results | NEGATIVE

by Stoian Cosmin 08/14/2026

* TGN RO: Transgaz posted a standalone net loss of RON 78m in Q2’26, compared with a RON 7m profit in Q2’25 and our estimated loss of RON 37m. The weaker-than-expected bottom line was mainly driven by an 11% miss …

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08/14/2026

SNN RO: H1 2026 Results | NEUTRAL

by Stoian Cosmin 08/14/2026

* SNN RO: Nuclearelectrica posted H1 2026 results | NEUTRAL. * Nuclearelectrica reported H1 2026 net profit of RON 1,184m, up 37% Y/Y and 3% above our forecast, supported by a significant improvement in operating profitability, with EBIT advancing 40% Y/Y to RON …

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08/14/2026

SNG RO: Q2 2026 Results | NEUTRAL

by Stoian Cosmin 08/14/2026

* SNG RO: Romgaz posted Q2’26 net profit of RON 763m, up 5% Y/Y and 37% above our RON 555m estimate. The beat was mainly driven by a RON 130m net receivables impairment gain, largely reflecting a reversal following a …

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08/14/2026
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