POLITICS
12:34 Romania’s President Klaus Iohannis is received by Japanese Emperor Naruhito on Tuesday (March 6) at the Imperial Palace in Tokyo. In the course of the day, the Romanian head of state is also scheduled to meet with Japanese Prime Minister Fumio Kishida for official talks and the signing of the Joint Declaration establishing the Strategic Partnership between Romania and Japan, Agerpres reported.
11:56 The Chamber of Deputies rejects simple motion against Labour minister Marius Budai submitted by 56 USR (Save Romania Union) and non-affiliated MPs belonging to the Forta Dreptei Party (Right Force Party).
12:14 The Social Democratic Party (PSD) ponders social security contributions for self-service kiosks in hypermarkets, according to sources quoted by Profit.ro.
ECONOMY
12:02 The net assets of the local open-end investment funds stood at approximately 15 billion RON in January 2023, 0.67% up from December 2022, according to the Financial Supervisory Authority (ASF).
11:58 The number of real estate deals in Romania stood at 47,261 last month, 13,987 more than in January 2023, data from the national cadaster agency ANCPI showed.
11:45 Retail sales volume in Romania, excluding vehicle and motorcycle sales, dropped by 22% in unadjusted data in January 2023 compared to December 2022 and grew by 0.7% when adjusted for seasonality and number of working days, according to data from the National Institute of Statistics (INS).
COMPANIES & MARKET
12:41 One million Romanians go to the shopping mall every day, the latest data collected by Brand Management, operating on the Romanian indoor communication market, reveal.
11:05 European investment fund ACP is in talks with Deutsche Telekom to acquire Telekom Romania Mobile, Ziarul Financiar reported citing financial market sources. The deal is up to the approval of the relevant authorities in Bucharest.
10:58 France’s BNP Paribas Personal Finance launched the procedures to stop operations in Romania of its consumer finance unit, operating under the Cetelem brand, after having failed to find a partner to continue in the country.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9209 | GBP 5.5441 |
| USD 4.6149 | CHF 4.9489 |
| BGN 2.5160 | MDL 0.2458 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.40%, BET-TR -0.40%, BET-FI -0.23%, BET-NG -0.59%, BET-XT -0.42%, BETXT-TR –0.42%, BET-BK -0.39%, RO-TX -0.51%, BETAeRO 0.23% |
CAPITAL MARKET COMMENTARY
| Bucharest traded in the red on Tuesday in line with rest of Europe as traders followed U.S. Federal Reserve Chair Jerome Powell’s congressional testimony. Powell warned interest rates are likely to be higher than central bank policymakers previously expected. The European Central Bank’s Holzmann had already hinted at more rate hikes by the ECB, and Powell’s remarks today added to concerns about rate hikes, rendering the mood in the market a bit bearish. |
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