TODAY’S NEWS
ECONOMY
–The Social Democratic Party (PSD) requested the Foreign Affairs Ministry to initiate diplomatic discussions with the Ukrainian authorities for the temporary suspension of grain exports on the Romanian market, according to the model implemented in Poland.
–The National Agency for Fiscal Administration (ANAF) inspectors are checking those who had online sales of over 100,000 euros in 2022, the ANAF president, Lucian Heius, told a press conference on Tuesday (April 11).
-The Finance Ministry raised RON304.6 million from banks on Monday (April 10) selling bonds maturing in October 2026, at an annual average yield of 7.21%.
–Romanians are turning to part-time jobs to supplement income, with over 450,000 applications for part-time jobs have been registered on local recruiting platform eJobs since the beginning of the year.
–The banking sector remains solid, the rate of non-performing loans reaching a historic low, and solvency rates are significantly better than a decade ago, according to Mihai Chipirliu, CFA Risk director Allianz Trade.
–Romanian investors will build a wool plant in Fagetelu – northern Olt County, on a 182.059 million RON state aid scheme co-funded by the Economy Ministry, the Ministry of Agriculture and Rural Development.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9338 | GBP 5.6213 |
| USD 4.5223 | CHF 4.9995 |
| BGN 2.5226 | MDL 0.2495 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.17%, BET-TR 0.17%, BET-FI 0.09%, BET-NG 0.51%, BET-XT 0.45%, BETXT-TR 0.21%, BET-BK 0.19%, RO-TX 0.11%, BETAeRO 0.04% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Tuesday mirroring the uptrend across Europe where markets traded higher as Sentix revealed today that confidence among investors in the eurozone rose in April. “There is no doubt that the eurozone economy has weathered the winter months better than many feared in the fall,” Sentix said. The poll of 1,300 investors was conducted between April 6-8, Sentix said. |
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