TODAY’S NEWS
POLITICS
15:29 Prime Minister Nicolae Ciuca received on Tuesday (April 4) Armenia’s Minister of Foreign Affairs Ararat Mirzoyan, who is on an official visit to Romania. The two officials discussed the security situation in the Extended Black Sea Region, according to the government.
12:49 Minister for European Investment and Projects Marcel Bolos stated in Iasi on Monday (April 3) that the Operational Programmes of the 2021-2027 Cohesion Policy will bring Romania 46 billion EUR for investments in safer hospitals, transport networks, modernization of water and sewage infrastructure and support for businessmen.
10:47 The Speaker of the Chamber of Deputies and leader of the Social Democratic Party (PSD) Marcel Ciolacu, told the Parliament on Tuesday that from a statesman’s perspective he rules out snap elections, because Romania needs stability, but as a politician he did not rule out any option.
ECONOMY
18:33 The National Bank of Romania kept its key monetary policy rate unchanged at 7% for a second consecutive meeting in April, in line with market expectations.
12:55 Most Romanians expect their own economic situation to stagnate (40%) or even worsen (36%) in the next year, according to the latest issue of the Eurobarometer.
11:19 Industrial production prices (domestic and foreign market) increased by 21.6% in February y-o-y, but decreased by 0.3% m-o-m, the National Institute of Statistics (INS) data showed.
COMPANIES & MARKET
18:50 Women employees in Romania lose 468 EUR every year, on average, due to the salary inequality between men and women, according to the National Trade Union Block (BNS).
11:11 Bucharest-listed One United Properties, the leading green real estate developer in Bucharest, will invest around EUR6 million to build two private schools in the area of Tei and Plumbuita lakes in Bucharest’s district 2. The company has also announced an agreement to sell its stake in One Herastrau Office S.A. in the Northern area of Bucharest, to a private investor. The value of the transaction amounts to EUR 21 million.
10:48 The developers of Belvedere Residence project in northern Bucharest have sold the shopping gallery part of the mixed-use compound to a private investor, in the largest transaction of high street retail spaces recently recorded on the local market, according to Cushman & Wakefield Echinox.
MORE NEWS FROM ROMANIA
ORADEA
The city of Oradea, in northwest Romania, will receive European funding worth almost EUR16.4 million for the development of a solar photovoltaic (PV) park on a 12.5-hectare plot of land that belongs to the city, Ziarul Financiar reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9380 | GBP 5.6525 |
| USD 4.5158 | CHF 4.9556 |
| BGN 2.5247 | MDL 0.2478 |
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 0.50%, BET-TR 0.50%, BET-FI 0.09%, BET-NG 0.43%, BET-XT 0.44%, BETXT-TR 0.44%, BET-BK 0.22%, RO-TX 0.27%, BETAeRO -0.59% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Tuesday as rest of Europe closed mixed amid concerns about rising oil prices and its likely impact on inflation and growth. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month. Medium inflation expectations for the next 12 months fell from 4.9% in January to 4.6% in February. |
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