11:01 Romania’s President Klaus Iohannis conveyed Romania’s condolences on Monday to the families of the victims of the earthquake that hit Turkey and Syria, as well as wishes for a speedy recovery to the injured. Romania will send to Turkey a RO-USAR team, personnel specialized in search and rescue interventions with the Romanian General Inspectorate for Emergency Situations (IGSU), to provide support to the country after a devastating 7.8 magnitude earthquake shook the area in the early morning hours on Monday.
10:47 Romanian Prime Minister Nicolae Ciuca wrote on Facebook on Sunday that Romania has the necessary reserves of natural gas to get through the winter well, regardless of the weather conditions of this period. The head of the Romanian Government who is in Egypt also said that Romania and Egypt intend to strengthen their cooperation, including in the field of maritime transport. He added that Romania is interested in supplementing its consumption needs using Egyptian liquefied gas terminal.
10:19 The National Liberal Party said in a statement sent to Agerpres on Friday that they support the cut of labour taxation and the increase of incomes, but they emphasized that, if labour taxation is reduced by putting pressure on the business environment, Romanians’ incomes will not increase.
10:03 Romania’s Energy Minister Virgil Popescu wrote on his Facebook page on Friday that at the official opening of the ministerial meeting of the Southern Gas Corridor Advisory Council in Baku, he stated that Romania is actively supporting the expansion of the Southern Gas Corridor and immediate actions and concrete steps are needed in order to accomplish this thing,
10:55 In 2022, Romania retail turnover (except for trade in motor vehicles and motorcycles) increased by 4.4% in unadjusted terms y-o-y, as an effect of growth in automotive fuel retail sales in specialized stores (+9.6%), non-food sales (+4.5%) and sales of food, beverages and tobacco (+1.4%).
10:00 In 2022, the Romanian real estate investment market recorded transactions worth over EUR1.25, well above the EUR890 million level recorded in 2021, seeing the highest value since 2007, according to an annual report released by real estate consulting company Colliers.
09:55 New registrations of road vehicles for passenger transport dropped12.3% in Romania in the final quarter of 2022 y-o-y, INS data showed.
COMPANIES & BUSINESS
11:00 Last year, Romania registered 8% more company insolvencies, 21% more suspensions and 15% more company deletions or dissolutions compared to 2021, the latest edition of the KeysFin Macro Update report revealed.
10:15 Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit, Ziarul Financiar reported.
09:56 Romania’s National Railway Company CFR SA saw a 65% increase in rail freight traffic at Ukrainian border last year, the company announced.
09:43 Romania’s natural gas producer and supplier ROMGAZ and SOCAR TRADING, a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on Friday (Feb 3) in Baku, a new individual contract for gas deliveries from Azerbaijan to Romania.
10:19 Over 60 emergency interventions were performed by the mountain rescuers in the last 24 hours, on this occasion 91 people were saved, according to Salvamont Romania Facebook page.
|EUR 4.9036||GBP 5.4789|
|USD 4.5570||CHF 4.9186|
|BGN 2.5072||MDL 0.2392|
BNR INTEREST RATES
|16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.07%, BET-TR 0.07%, BET-FI 0.13%, BET-NG -0.13%, BET-XT 0.08%,|
BETXT-TR 0.08%, BET-BK -0.04%, RO-TX 0.07%, BETAeRO -0.20%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded mostly in the green on Monday bucking the trend across Europe where markets closed lower as traders remained squarely focused on the state of the economy after central bank officials insisted that more policy tightening will be likely needed.|
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