A Polish investment in the Romanian stock market has come to an end, as Raiko Transilvania delists from the Bucharest Stock Exchange. The move comes after the company, founded by Tomasz Kurcin, initially listed in 2021 with expectations of capturing a significant market share within five years, according to Profit.ro.
At the time of its initial public offering, Raiko Transilvania traded at a multiple of 55 times its earnings. The departure marks a shift for the company, and reflects the dynamic nature of investment in emerging European markets.
The delisting occurs amidst growing economic ties between Poland, and Romania. Trade between the two countries reached €11.05 billion in 2023, a 27% increase compared to 2020, and is projected to exceed €14 billion in fiscal year 2024, as reported by Bursa.ro.
More than 1,700 Polish-owned companies are currently operating in Romania, with significant investment flowing into sectors such as IT, software development, digital startups, consumer goods – particularly food and beverages – the automotive industry, construction, renewable energy, healthcare, and pharmaceuticals. The Polish Investment and Trade Agency (PAIH) notes that Romania’s rapid economic growth and diverse business opportunities are key drivers for Polish investment.
“Trade between Poland and Romania has grown significantly, reaching €11.05 billion in 2023, a 27% increase compared to 2020, and is expected to exceed €14 billion in fiscal year 2024,” stated the PAIH through its Romania office. The agency anticipates continued expansion into areas like IT and green energy, further strengthening the economic relationship between the two nations.
Romania’s appeal to Polish companies lies in its status as one of the fastest-growing economies in the European Union, offering opportunities in technology, automotive, and consumer goods, among other sectors.
