TODAY’S NEWS
POLITICS
09:48 Foreign Affairs Minister Bogdan Aurescu had a discussion on Tuesday (April 4) with his counterpart from the Republic of North Macedonia, Bujar Osmani. The two officials addressed issues related to the work of the Organization for Security and Co-operation in Europe (OSCE), in the context of the Republic of North Macedonia’s Chairpersonship-in-Office, according to the Ministry of Foreign Affairs (MAE).
09:32 Milestone 213, related to payment request 2 for the National Recovery and Resilience Plan (PNRR), is now fulfilled, the Minister of Labor, Marius Budai, wrote on his Facebook page on Tuesday (April 5).
ECONOMY
12:43 Among the EU countries, the highest proportion of young people who were severely materially and socially deprived in 2021 was recorded in Romania (23.1%), followed by Bulgaria (18.7%) and Greece (14.2%), Eurostat data showed.
11:19 Real estate investments in the first quarter of 2023 topped EUR153 million, up 72% y-o-y, an analysis by Fortim Trusted Advisors, a member of the BNP Parisbas Real Estate Alliance reveals.
10:14 Romania has been a strong performer among emerging economies but economic perspectives have deteriorated significantly since the start of the Russia-Ukraine conflict, according to an analysis by Allianz Trade.
COMPANIES & MARKET
12:47 The number of natural and juridical persons registered increased by 7.9% in the first two months of 2023 to 25,626, y-o-y, according to the National Trade Register Office data.
11:11 Book sales (including print books, e-books and audiobooks) in Romania stand at about RON500, data from audiobook and e-book streaming service Voxa show. The digital book market will reach 10% of Romania’s book market in three years, the Voxa survey reveals.
10:38 Bucharest-listed Danube transport company Transport Trade Services announced on Tuesday (April 4) the name of the company it had acquired in February 2023 for EUR21.8 million, namely, port operator Decirom S.A. Constanta, according to a BVB report.
MORE NEW FROM ROMANIA
CLUJ-NAPOCA
12:59 Cluj-Napoca’s international airport Avram Iancu saw about 600,000 passenger traffic in the first quarter of 2023, up 80% y-o-y.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9316 | GBP 5.6149 |
| USD 4.5027 | CHF 4.9736 |
| BGN 2.5215 | MDL 0.2469 |
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 0.33%, BET-TR 0.33%, BET-FI -0.42%, BET-NG 0.46%, BET-XT 0.27%, BETXT-TR 0.27%, BET-BK 0.33%, RO-TX 0.08%, BETAeRO -0.40% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded mostly in the green on Wednesday as most of Europe closed lower after March service sector data in the Eurozone and Germany fell short of preliminary figures. European leaders’ visit to China, the French government’s failed negotiations with unions, and reported new developments on United Kingdom-European Union border checks also grabbed headlines today. |
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