POLITICS
15:47 Romania is sticking to its country objective of joining the Schengen area in 2023, Interior Minister Lucian Bode told the Romanian journalists covering the Justice and Home Affairs (JHA) Council meeting in Brussels on Thursday (March 9).
09:38 The draft laws of education enter the government’s analysis today, in order to establish the final form of the documents that will be proposed to the parliament, Radio Romania reported.
09:32 The Minister of Finance, Adrian Caciu, assures that the reforms assumed by the National Recovery and Resilience Plan will be carried out, Radio Romania reported.
ECONOMY
10:11 In 2022, the National Tax Administration Agency (ANAF) collected budget revenues of 372.6 billion RON in 2022, up 19.8% y-o-y, ANAF President Lucian Heius announced on Wednesday (March 8), at the presentation of the 2022 performance report.
10:17 The highest GDP growth in the EU in the fourth quarter of 2022 compared to the third quarter of 2022 was recorded by Greece (1.4%), Malta (1.2%), Cyprus (1.1%) and Romania (1%), data from Eurostat showed.
10:00 Romania’s economy increased by 4.8% in real terms (in unadjusted data) in 2022, y-o-y, provisional estimates from the National Institute of Statistics showed.
COMPANIES & MARKET
15:32 The mergers and acquisitions market in Romania, signed and concluded trades, reached 5.4 billion euros in 2022. In 2023, the value of concluded and announced transactions could reach 8 billion euros, according to PwC.
15:01 Only 10% of real estate companies in Romania expect decline in returns amid uncertainties related to the evolution of the conflict in Ukraine, with players from Romania being the most optimistic in the CEE region on this matter, according to the Deloitte Real Estate Confidence Survey for Central Europe 2023.
12:14 The investment in the first four integrated service centres on the A1 motorway, the Nadlac – Sibiu (west to centre) section, amounted to 14 million US dollars, according to KMG International.
10:28 Italy’s Enel S.p.A. has signed an agreement with Greek company Public Power Corporation S.A. for the sale of all the equity stakes held by the Enel Group in Romania. The agreement provides that PPC will pay a total consideration of approximately 1,260 million euro.
10:35 The number of registrations of natural and legal persons increased by 6.47% in January 2023 y-o-y, up to 11,841, of which 7,993 were limited liability companies (SRL), according to the data centralized by the National Trade Register Office (ONRC).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9156 | GBP 5.5133 |
| USD 4.6523 | CHF 4.9610 |
| BGN 2.5133 | MDL 0.2457 |
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 0.49%, BET-TR 0.49%, BET-FI 0.70%, BET-NG 0.34%, BET-XT 0.45%, BETXT-TR 0.45%, BET-BK 0.05%, RO-TX 0.64%, BETAeRO 0.56% |
CAPITAL MARKET COMMENTARY
| Bucharest stock closed in the green on Thursday bucking the trend across Europe where stocks traded lower after U.S. Federal Reserve Chair Jerome Powell reiterated his warning to lawmakers that the central bank may raise interest rates higher than previously anticipated. During a second day of congressional testimony, Powell once again acknowledged that the U.S. central bank was wrong in initially thinking inflation was only the result of “transitory” factors. |
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