POLITICS
12:29 The Minister of Development, Public Works and Administration Cseke Atilla announced on Wednesday (March 1) that the first 50 projects submitted within the National Programme for the consolidation of buildings with high seismic risk have been selected for financing.
10:18 Prime Minister of the Republic of Moldova Dorin Recean, who is on an official visit to Romania, was welcomed on Wednesday (March 1), at the Victoria Palace by Prime Minister Nicolae Ciuca, Agerpres reported.
10:11 Romania’s President Klaus Iohannis decorated on Tuesday (Feb. 28), on the occasion of Civil Protection Day, the servicemen, firefighters, doctors, nurses and volunteers who participated in the international humanitarian mission in Turkey.
ECONOMY
10:37 The number of building permits issued for residential buildings dropped by 18.5% in January 2023 y-o-y data from the National Institute of Statistics (INS) showed.
10:22 Passenger traffic on Romania’s airports stood at more than 1.66 million in January 2023, beating January 2020 figures, according to the Romanian Airports Association (AAR).
10:16 Romania’s finance ministry will be launching new government bond issues for the general population only, starting Wednesday (March 1), via the TEZAUR program.
COMPANIES & MARKET
12:29 The number of companies and authorized natural persons (PFA) that entered insolvency went up by 3.32% in January 2023 y-o-y, when 436 insolvencies were registered, the National Trade Register Office (ONRC) data showed.
11:58 In the past three weeks there was an increase by 170% of the number of offers issued for house insurance, compared to the same period of 2022, according to a new analysis made by the National Union of Insurance Companies in Romania (UNSAR).
11:42 Greece’s Public Power Corp (PPC) is reportedly close to paying EUR 1.3 bln for Enel’s Romanian assets, as February 28 was supposed to be the last day of the negotiations between the Greek utility as a buyer and Italy’s Enel as a seller, Economica.net reported. In November 2022, Italy’s Enel announced that it plans to sell its Romanian assets in 2023.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9267 | GBP 5.5619 |
| USD 4.6256 | CHF 4.9324 |
| BGN 2.5190 | MDL 0.2454 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.03%, BET-TR 0.03%, BET-FI -0.35%, BET-NG 0.66%, BET-XT -0.02%, BETXT-TR –0.02%, BET-BK 0.15%, RO-TX -0.03%, BETAeRO -1.28% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded mixed on Wednesday as major European indices closed mostly lower after the publication of a new batch of economic data. Activity in German manufacturing sectors deteriorated in February, S&P Global revealed. |
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