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TEL RO: Q4 2025 Earnings preview

by Stoian Cosmin 02/25/2026

* Transelectrica will post Q4 / FY 2025 IFRS individual results on February 27th. * We estimate Q4’25 net profit at RON 16m, down 91% Y/Y (vs. RON 176m in Q4’24). The sharp decline is almost entirely attributable to the …

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02/25/2026

Romania – Annual potential growth in the ICT sector slowing | NEUTRAL

by Stoian Cosmin 02/23/2026

• Romania – Annual potential growth in the ICT sector slowing | NEUTRAL • ICT has been the star of the Romanian economy in past decades, an evolution supported by several factors, including the skilled, young, and competitive human capital, and …

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02/23/2026

Weekly picks 2/23/2026

by Stoian Cosmin 02/23/2026
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02/23/2026

SNG RO: Q4 2025 Earnings preview

by Stoian Cosmin 02/23/2026

* Romgaz is scheduled to release Q4 2025 / FY 2025 results on February 27. * For Q4 2025, we expect SNG to report a net profit of RON 835m, down 12% Y/Y, primarily reflecting the normalisation of income tax. This …

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02/23/2026

Romania – The volume of constructions rebounded in Dec | POSITIVE

by Stoian Cosmin 02/23/2026

• Romania – The volume of constructions rebounded in Dec | POSITIVE • According to the figures released by the National Institute of Statistics (NIS) on Thursday, the volume of the constructions rebounded in Dec 2025, increasing by 7.2% M/M, …

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02/23/2026
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