TODAY’S NEWS
POLITICS
18:19 The Minister of Health, Alexandru Rafila, told a press conference at headquarters of the Ministry of Health Wednesday which 27 hospital units will receive funding through the National Recovery and Resilience Plan (PNRR).
17:48 The Ministry of Development, Public Works and Administration is funding 101 new investment projects in 68 settlements in Romania under the National Recovery and Resilience Plan (PNRR), according to Development Minister Cseke Attila.
16:43 Romania’s Foreign Minister Bogdan Aurescu and his Ukrainian counterpart Dmytro Kuleba discussed on Wednesday in a phone call Ukraine’s national minority law, with the two officials agreeing to embark on “comprehensive” talks on this subject, according to the Romanian Foreign Ministry (MAE).
15:01 Constantin-Florin Mituletu-Buica has submitted his resignation from the position of chairman of the Standing Electoral Authority (AEP) to the two chambers of Parliament, Agerpres reported.
13:49 Romania’s Prime Minister Nicolae Ciuca told the government meeting on Wednesday that at the end of 2022 budget investments totalled RON 73 billion, “a record high for investments in our country” that confirms the positive trend of the Romanian economy.
12:54 Bucharest City Hall (PMB) started 2023 without current debts, given that at the end of 2020 the debts had amounted to RON3 billion, the general mayor of the capital, Nicusor Dan, told a press conference on Wednesday.
11:32 The minister of National Defense, Angel Tilvar, and the Chief of the Defense Staff, general Daniel Petrescu, visited, on Tuesday, the soldiers who make up the Romanian air defense detachment Sky Guardians from the NATO Battle Group, deployed in Bemowo Piskie Training Area (BPTA) in Poland, according to the Ministry of National Defence (MApN).
ECONOMY
12:35 Romania’s three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, fell on Wednesday to 7.44% from 7.45% on Tuesday, according to the National Bank of Romania (BNR).
10:58 The average total monthly income per Romanian household stood at RON 6668 RON (EUR1351) in the third quarter of last year, 2662 RON per person – and total expenditures stood at 5816 RON per household (2,322 RON per person) or 87.2% of total incomes, National Institute of Statistics (INS) data showed.
10:00 The volume of deals with land intended for commercial real estate projects in Romania (excepting the traditional industrial and logistics projects) reached approximately EUR450 million in 2022, lower than EUR800 million in 2021, according to estimates by real estate consulting firm Colliers.
COMPANIES & BUSINESS
12:49 Romanian-held real estate developer Alsin Management will invest over EUR40 million in developing First Estates Pipera, (north of Bucharest) the first housing project in Romania set to offer free heating to all its residents, thanks to a complex energy generation system based on heat pumps and solar panels.
12:19 The amount of PoS transactions performed in Romania through devices provided by international fintech myPOS was by 98% higher in 2022 compared to 2021, according to company data released on Wednesday.
11:11 Hungarian low-cost airline Wizz Air on Tuesday (Jan 10) said it would close its base in the city of Bacau in eastern Romania and will relocate its capacity to other routes with higher demand.
SOCIAL
10:50 Some 64% of municipality-owned homes are not insured against natural disasters, and 70% of the mayor’s offices did not carry out activities to encourage citizens to take out the mandatory insurance policy, an Infocons survey reveals.
10:19 On Tuesday, 67,307 people entered Romania through the border points, of which 7,990 were Ukrainian citizens, according to the General Inspectorate of the Border Police.
MORE NEWS FROM ROMANIA
CLUJ-NAPOCA
Cluj-Napoca has the most expensive urban public transport in Romania, according to a new analysis published by Mobilitate Cluj Napoca, quoted by Stiridecluj.ro.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9328 | GBP 5.5700 |
| USD 4.5891 | CHF 5.9726 |
| BGN 2.5221 | MDL 0.2393 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 16.76% (Nov. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.72%, BET-TR 0.72%, BET-FI -0.28%, BET-NG 0.94%, BET-XT 0.61%, BETXT-TR 0.61%, BET-BK 0.45%, RO-TX 0.91%, BETAeRO 0.66% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Wednesday mirroring the trend across Europe after statements from the European Central Bank that substantial interest rate hikes would be seen in the coming months. Optimism surrounding China’s reopening offset lingering worries about slowing global growth and interest rates staying high for a longer period. |
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