POLITICS
13:28 The aerial surveillance system of the Romanian Air Force detected, on Friday (Feb. 10), an aerial target launched from the Black Sea from a ship of the Russian Federation, near the Crimean Peninsula, most likely a cruise missile, which evolved in the airspace of Ukraine, of the Republic of Moldova and re-entered the Ukrainian airspace without intersecting, at any time, the airspace of Romania. The closest point of the target’s trajectory to Romania’s airspace was recorded by the radar systems approximately 35 kilometers northeast of the border, Agerpres reported citing a statement from the Ministry of National Defense (MApN).
Meanwhile, Moldova’s government resigned on Friday (Feb. 10). Moldova’s government said shortly before Prime Minister Natalia Gavrilita announced her resignation that a Russian missile had violated Moldovan airspace, and summoned Russia’s ambassador to protest.
11:59 Romania’s President Klaus Iohannis told the special European Council meeting on Friday (Feb. 10) that migration is a challenge that calls for a joint European response, the Presidential Administration said in a release.
11:48 Minister-President of Bavaria Markus Soder will be visiting Romania on Monday (Feb. 13) and will have bilateral meetings with President Klaus Iohannis and Prime Minister Nicolae Ciuca, according to the German Embassy in Bucharest.
11:11 Romania’s Minister of Foreign Affairs, Bogdan Aurescu, welcomed, on Thursday (Feb. 13), the ambassador of the United States of America in Romania, Kathleen Ann Kavalec, for the presentation of the copies of her letters of accreditation, shortly after her arrival in the country, according to the Ministry of Foreign Affairs. Ambassador Kavalec has 36 years of experience in diplomacy.
ECONOMY
10:42 In 2022, Romania’s pork production decreased by almost 11% y-o-y, the National Institute of Statistics data showed.
10:39 In 2022, Raiffeisen Bank granted a total 2,333 loans within the IMM INVEST programs for more than 2,000 customers operating in various fields of activity, with an approved value of EUR592 million.
09:19 Romania’s trade balance posted a deficit of EUR34.09 billion in 2022, up 44% y-o-y, the National Institute of Statistics data showed.
COMPANIES & BUSINESS
15:14 The number of dissolved companies grew by 24.21% in 2022 in Romania, to 39,320 compared to 31,655 in 2021 data of the National Trade Registry Office (ONRC) showed.
10:55 The Bucharest Stock Exchange Group, which includes the Bucharest Stock Exchange, the Central Depositary and CCP.RO, posted a 97% higher net profit for 2022, at 10.43 million RON, while the profit of the Bucharest Stock Exchange (BVB) amounted to 11.04 million RON, up 34%.
10:00 Romania’s accession to international structures is a beneficial element, and entering the Organization for Economic Cooperation and Development (OECD) will represent another important step forward in attracting foreign investments, Ramona Jurubita, vice-president of the Foreign Investors’ Council (FIC) said on Thursday (Feb. 9).
09:19 Romania’s modern industrial and logistic space stock at end-2022 reached almost 6.2 million square meters, up by over 500,000 square meters from 2021, and there’s further significant room for growth as compared to other CEE countries, according to Colliers consultants
SOCIAL
09:59 As many as 3,510,380 Ukrainian citizens entered Romania in one year, starting on February 10, 2022, according to the General Inspectorate of the Border Police (IGPF).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9045 | GBP 5.5474 |
| USD 4.5802 | CHF 4.9658 |
| BGN 2.5076 | MDL 0.2420 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.17%, BET-TR 0.17%, BET-FI -0.07%, BET-NG -0.06%, BET-XT 0.15%, BETXT-TR 0.15%, BET-BK -0.01%, RO-TX 0.14%, BETAeRO 1.00% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed mixed on Friday as investors assess the economic outlook a day after the National Bank of Romania kept its key rate unchanged. Additionally, European Central Bank officials cautioned that interest rates will remain elevated until downward movement in the underlying inflation rate is observed. |
To get in touch with our editorial team, send a press release,
email us at: editorial [at] buildpress.com.ro
To advertise on our platforms, you can use this form,
email us at: advertise [at] buildpress.com.ro
or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)
