TODAY’S NEWS
POLITICS
19:01 Romania’s President Klaus Iohannis who is on a two-day official visit to Azerbaijan, was received on Thursday (Feb. 2) by his Azerbaijani counterpart, Ilham Aliyev, at the Zugulba Presidential Palace in Baku. The Romanian head of state stated that he agreed with Aliyev, to develop bilateral cooperation in areas such as energy, trade, transport, investments, digitization, agriculture, education and culture and announced that the companies Romgaz and Socar will sign on Friday a new contract for the delivery of Azerbaijani natural gas to Romania for the period April 1, 2023 – April 1, 2024, Agerpres reported.
17:12 Romania’s minister of National Defense, Angel Tilvar, and the Chief of the Defense Staff, general Daniel Petrescu, met on Thursday (Feb. 2) at the headquarters of the Ministry of Defense, with the Chief of the General Staff of the Portuguese Armed Forces, Admiral Antonio Silva Ribeiro, according to the Defense Ministry (MapN).
15:34 Romania’s minister of Internal Affairs, Lucian Bode, told a ministerial conference, organized in Sofia, Bulgaria that ensuring the security of the EU’s external borders and the efficient management of the migration phenomenon can only be achieved through a coordinated effort at the national and European level, according to a post on his Facebook page.
ECONOMY
19:34 Romania’s industrial production prices for the total (domestic market and non–domestic market) grew by 32.8% in December 2022 y-o-y, INS data showed.
17:14 Romania’s foreign exchange reserves stood at EUR50.2 billion on January 31, 2023, higher by EUR3.56 billion compared to the previous month, according to data by the National Bank of Romania (BNR).
13:19 With over 2.7 million working-age people in Romania expected to exit the workforce by 2050, and 91 million in the whole Europe, the effects of labor shortage are already felt across the Old Continent, the UN Word Population Prospects reveal.
11:00 Romania’s finance ministry will launch new government bond issues for the general population only, on Friday (February 3, 2023), through the TEZAUR program.
COMPANIES & BUSINESS
19:29 Romanian lender Banca Transilvania, is among the 300 most valuable banking brands in the world this year, as it climbed to 297 from 302 in 2022, according to Brand Finance Baking 500 2023.
15:45 The contribution of OMV Petrom-the largest integrated energy company in Southern and Eastern Europe-to Romania’s state budget increased last year by 7 billion RON from 12 billion RON in 2021 to over 19 billion RON, while the industry-specific tax topped 7.3 billion RON, according to data presented on Thursday in a press conference by Alina Pop, the CFO of the biggest company listed on the Bucharest Stock Exchange.
13:02 Romanian corporations significantly trail their global peers when it comes to the reporting of non-financial Environment, Social & Governance (ESG) data, according to Global ESG Monitor – GEM, world leader in analyzing how clearly big companies communicate their ESG reporting.
MORE NEWS FROM ROMANIA
BRASOV
13:49 Brasov Airport implements virtual control tower as a first in Romania. The virtual control tower in Brasov cost approximately 16 million euros. It will be directed from Arad and can be operated by six employees, instead of 30, as many as a classic one needs, according to Agerpres.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9024 | GBP 5.4966 |
| USD 4.4632 | CHF 4.9026 |
| BGN 2.5065 | MDL 0.2389 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.76%, BET-TR 0.76%, BET-FI -0.05%, BET-NG 0.64%, BET-XT 0.68%, BETXT-TR 0.68%, BET-BK 0.72%, RO-TX 0.79%, BETAeRO 0.81% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded higher on Thursday mirroring the firm trend across Europe where markets closed with strong gains after both the Bank of England and the European Central Bank increased their respective interest rates by 50 basis points. Investors monitored remarks by central bank bosses and earnings reports by several companies and banks from Europe. |
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