TODAY’S NEWS
POLITICS
15:49 Romania will continue its support for Moldova, President Klaus Iohannis said on Monday after meeting German Chancellour Olaf Scholz. The Romanian head of state added that the support is for carrying through budgetary and energy reforms.
15:10 President Klaus Iohannis stated on Monday (April 3) that the government rotation is possible and will happen, affirming there is no viable alternative to the governing coalition, Agerpres reported.
15:01 German Chancellor Olaf Scholz, who is in Bucharest on Monday (April 3) for trilateral talks with the presidents of Romania and Moldova, said in a joint press statement with President Klaus Iohannis that he supports Romania’s joining the Schengen Area this year.
ECONOMY
17:45 In 2022, net personal asset payments amounting to approximately RON 407 million were made to 23,000 contributors or beneficiaries, a report on developments in Romania’s private pension plans published by the Financial Oversight Authority (ASF) revealed.
16:55 The Ministry of Finance on Monday borrowed RON 600 million off banks in an issue of benchmark bonds of a residual maturity of 114 months and an average yield of 7.34% per year, according to the National Bank of Romania (BNR).
16:01 Romania’s foreign exchange reserves stood at EUR53.2 billion in March, up by EUR1.22 billion m-o-m, National Bank of Romania (BNR) data showed.
COMPANIES & MARKET
18:01 Net salaries for the jobs available on the online recruitment platform BestJobs registered drops in the majority of the sectors, in the first quarter of 2023 y-o-y, the main reason being the festival period bonuses or the 13th salary.
17:58 Bucharest Stock Exchange (BVB) informed that 17 new certificates issued by Austrian banking giant Erste Group Bank AG (EBS) will start trading on Tuesday, April 4.
14:59 Romanian state-owned hydropower producer Hidroelectrica which is preparing to be listed on the Bucharest Stock Exchange, announced the completion of protection works at the Iron Gates I spillway dam following a total investment of RON82.7 million.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9419 | GBP 5.6215 |
| USD 4.5539 | CHF 4.9675 |
| BGN 2.5268 | MDL 0.2476 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 1.00%, BET-TR 1.00%, BET-FI 0.22%, BET-NG 0.87%, BET-XT 0.88%, BETXT-TR 0.88%, BET-BK 1.05%, RO-TX 0.87%, BETAeRO 1.39% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Monday with oil markets in focus after a surprise production cut by the OPEC+ alliance, a group comprising OPEC members like Saudi Arabia and non-OPEC top oil producers such as Russia. |
To get in touch with our editorial team, send a press release,
email us at: editorial [at] buildpress.com.ro
To advertise on our platforms, you can use this form,
email us at: advertise [at] buildpress.com.ro
or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)
