TODAY’S NEWS
POLITICS
18:53 Former European Commission President Jean-Claude Juncker who is visiting Romania said on Thursday (April 6) that there are certain expectations the EU leadership has failed to meet and also criticized the fact that Romania has not yet been admitted to the Schengen Area.
13:48 Prime Minister Nicolae Ciuca stated on Wednesday (April 5) that the Government will pass the draft decision regulating the insurance market for a period of 6 months.
12:23 The Chamber of Deputies adopted on Wednesday (April 5) by a vote of 191 to 66 and 12 abstentions the bill amending the Criminal Code and specifically targeting abuse and neglect in office, Agerpres reported.
ECONOMY
18:44 The Finance Ministry (MF) borrowed more than 1.16 billion RON from banks on Thursday (April 6) through two benchmark government bond issues, according to data published by the National Bank of Romania (BNR).
14:15 Investors are more optimistic on the economic environment in Romania according to the results of the Spring 2023 edition of the Business Sentiment Index (BSI) published by the Foreign Investors Council (FIC).
12:01 Government debt increased, in January 2023, to 694.916 billion RON data published by the Ministry of Finance showed. As a percentage of GDP, government debt rose to 49.2%.
COMPANIES & MARKET
18:18 The number of job applications increased in Jan-March of 2023, but demand from candidates is still overshot by company’s recruitment needs, there’s still an imbalance, Ziarul Financiar reported citing Andrei Frunza, CEO at online recruitment platform BestJobs.
17:01 Credit rating agency Fitch revised the Outlook on Romania’s S.N. Nuclearelectrica S.A.’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘BBB-‘.
16:42 In 2022, the industry of food services decreased by 4% to 5.44 billion euro due to the diminution of the number of orders per month, from 4.4 in 2021 to 3.3 last year, according to a new study conducted by the Hospitality Culture Institute.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9370 | GBP 5.6452 |
| USD 4.5283 | CHF 4.0005 |
| BGN 2.5243 | MDL 0.2474 |
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 -0.02%, BET-TR -0.02%, BET-FI 0.25%, BET-NG 0.42%, BET-XT 0.12%, BETXT-TR 0.12%, BET-BK 0.40%, RO-TX 0.40%, BETAeRO -0.09% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed mostly in the green on Thursday mirroring the trend across Europe where markets traded higher despite the European Central Banks’s chief economist Philip Lane hinting at another rate increase next month. |
(Graph source: BVB)
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