Romanian news

Romania Daily News – 07/04/23



11:46 PNL poll shows that PNL party would get 21% of the votes, 8pp less than the Social Democrats (PSD), while AUR has improved its score to 17%, gaining ground against the reformist party USR (12%), Adevarul reported.

10:14 Prime Minister Nicolae Ciuca during the consultations he had with representatives of the agricultural sector, the food industry and store chains on Thursday (April 6) said that the Government has identified financial resources from European funds for the support of the domestic milk industry.

10:03 Minister of Research, Innovation and Digital Transformation Sebastian Burduja stated on Wednesday that a doctoral degree should entail a contribution to a certain area, and tolerance for plagiarism should be zero, Agerpres reported.


12:01 The National Institute of Statistics (INS) revised downwards its estimate for the advance of the Romanian economy in 2022 to 4.7% from 4.8% previously.

11:42 The Constitutional Court has cleared a bill that tightens pension fund management regulations in Romania.

11:25  Retail sales volume in Romania, excluding vehicle and motorcycle sales, increased by 3.9% in unadjusted data in the first two months of 2023 due to sales of food, non-food, beverages and tobacco seeing increases of 5.4% to 5.9%, INS data showed.

10:01 Inflation is coming down in Romania, we are starting the landing, but not all things are rosy and nuances matter, Cristian Popa, member on the National Bank of Romania (BNR) Board of Directors, told a “Financing Romania” conference adding that external deficit is the beast Romania has to slay.


11:49 Over 1,276 million jobs filled in public institutions and authorities in February 2023, the Ministry of Finance data showed.

10:44 More than 100,000 foreigners work in Romania, with most of them coming from Bangladesh, Nepal and Pakistan, Ziarul Financiar reported.

10:18 The beer sales in Romania dropped 5% by volume in 2022, down to 15.8 million hectoliters (hl) data from the Romanian Brewers Association showed.



EUR 4.9367GBP 5.6278
USD 4.5233CHF 4.0012
BGN 2.5241MDL 0.2489
(Source: National Bank of Romania BNR)


Deposit facility:6%
Policy rate:7%
Lending facility:8%


15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)


BET 0.25%, BET-TR 0.25%, BET-FI -0.55%, BET-NG -0.21%, BET-XT 0.16%,
BETXT-TR 0.16%, BET-BK 0.33%, RO-TX 0.27%, BETAeRO 0.43%


Bucharest stocks head into the weekend mostly higher despite recent data from the U.S. raising fears of a recession in the world’s largest economy. Lender BRD-Groupe Societe Generale led the blue-chip gains as its share price increased by 2.26%% to 12.68 lei. The total equity turnover of the BVB rose to some 26.91 million lei from 16.06 million lei on the previous trading day.
(Graph source: BVB)

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