TODAY’S NEWS
POLITICS
15:47 Romania’s Prime Minister Nicolae Ciuca conveyed on Monday that the Government supports the demarches for the representation of the Czech and Slovak minorities of Romania into two distinct entities, with their own operating statutes, Agerpres reported.
11:09 Romania’s Minister of Internal Affairs, Lucian Bode, has the opportunity to discuss the issue of Romania’s accession to the Schengen area during an informal meeting of the JAI Council, organized in Stockholm on January 25, to which the Romanian dignitary was invited to participate. At the JHA Council on December 8, Austria opposed Romania’s accession.
10:38 The former liberal premier Florin Citu wrote on a Fecebook post on Friday (Jan. 6) that the activity of the Social-democrat party (PSD – at rule) in the government leads to the ‘humiliation’ of Romania on the international markets and considers that only their leaving the government ‘ could save us’.
ECONOMY
18:31 The Ministry of Finance and the European Investment Bank sign EUR 260 million agreement for rebuilding hospitals and reducing car accidents.
18:31 The National Bank of Romania (BNR) is likely to maintain its key rate to 6.75% at its January 10 board meeting, as a hike would bring little benefits and somewhat go against recent de facto easing in monetary conditions, Austria’s Erste banking group analysts said in a short note.
12:41 The total number of active bank cards was, at the end of June 2022, 20,232,563 units, up 3.2%, y-o-y National Bank of Romania (BNR) data showed.
12:33 The National Bank of Romania (BNR), is expected to hike the refinancing rate by 25bp to 7% in a last step of the monetary tightening cycle on January 10, according to Valentin Tataru, chief economist of ING Bank Romania, Economica.net reported.
10:32 Romania’s trade balance deficit (FOB/CIF) stood at 31 billion euros, between January 1 and November 30, 2022, increasing by 45.2% y-o-y, National Institute of Statistics (INS) data showed.
10:18 Romania’s seasonally adjusted unemployment rate fell slightly, to 5.4%, in November 2022, from 5.5% in October, but youth unemployment is at a significant level, namely 22.9%, according INS data.
09:35 The back payments of the general consolidated budget increased by 10.9%, in October 2022, to 346.84 million RON, m-o-m, according to the data published on the website of the Ministry of Finance.
COMPANIES & BUSINESS
09:54 SME-type companies in 2023 have funding totally worth around EUR2 billion available, Ziarul Financiar reported citing data provided by consulting firm REI Grup.
09:32 The revenues of the National Forest Administration (RNP) – Romsilva from hunting actions and from the sale of forest fruits, truffles, mushrooms and medicinal plants exceeded 34 million lei in the first 11 months of 2022, according to data provided by the administrator of the public-owned forests of the state.
SOCIAL
11:59 Approximately 302,000 people, Romanian and foreign nationals, and over 75,600 means of transport underwent border checks at all of Romania’s crossing points on Sunday (Jan. 8), on both the inbound and the outbound, according to the General Border Police Inspectorate (IGPF). There were 92,721 travelers on the inbound, including 6,880 Ukrainian citizens. The number of Ukrainians who crossed into Romania since the pre-war date of February 10, 2022 until January 8, 2023 is 3,270,131.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9252 | GBP 5.5943 |
| USD 4.6151 | CHF 5.9908 |
| BGN 2.5182 | MDL 0.2443 |
BNR INTEREST RATES
| Deposit facility: | 5.75% |
| Policy rate: | 6.75% |
| Lending facility: | 7.75% |
INFLATION RATE
| 16.76% (Nov. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 1.25%, BET-TR 1.25%, BET-FI 0.03%, BET-NG 1.31%, BET-XT 1.04%, BETXT-TR 1.04%, BET-BK 0.75%, RO-TX 1.33%, BETAeRO 1.27% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Monday, in line with rest of Europe with market sentiment buoyed by a further reopening of the Chinese economy. China opened its borders on Saturday for the first time in three years, reviving hopes that the economic activity would pick up once again. |
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