Romanian stocks started to rise at the opening of the Bucharest Stock Exchange at 10:00 local time on the back of the results of the presidential election, which were won by independent candidate Nicusor Dan.
Among other things, shares of energy company Societatea Energetica Electrica rose by 1.13 percentage points (pp), and Nuclearelectrica, which operates the nuclear power plant in the town of Cernovoda, by 3.36 pp. Banca Transilvania shares (plus 4.19 pp) and BRD (plus 2.53 pp) also showed strong growth.
The Bucharest Stock Exchange index itself rose by 3.14% and is now at 16,760.73 points. The national currency, the Romanian leu, also strengthened. It rose by 1.3% against the euro, which is the biggest change since 2022.
The presidential elections that ended yesterday are a repeat in the country's history. The planned elections were suspended at the end of last year by the Constitutional Court of Romania (CC) after the nationalist candidate Calin Georgescu received the most votes in the first round on November 24, 2024. This was done under the pretext of illegal financing of Georgescu's campaign, hacking attacks on the digital infrastructure used in the electoral process, as well as alleged but unproven Russian interference.