10:29 Romania’s Minister of Foreign Affairs, Bogdan Aurescu, held, on Wednesday, a telephonic conversation with his Swedish counterpart, Tobias Billstrom, with the two top diplomats agreeing to “maintain close coordination on the discussed issues, primarily on the topic Romania’s accession to the Schengen area”, according to the Ministry of Foreign Affairs (MAE).
11:17 The average gross nominal wage in Romania in November 2022 stood at RON 6,679 (EUR 1352) up 3.4% compared to October 2022, while the average net nominal wage stood at RON 4,141 (838) up 3.3% m-o-m, the National Institute of Statistics data showed.
11:02 Romania’s exports of cereals and cereal-based products amounted to almost EUR 3.78 billion in January – September 2022, up 41.2% y-o-y, the National Institute of Statistics (INS) data showed.
09:59 The growth of Romania’s Gross Domestic Product in the third quarter of 2022 was revised slightly down to 1.2% by the National Institute of Statistics (INS), compared to the previous three months.
08:48 The number of active employees registered in Romania was 5,698,691 at the end of 2022 while the number of pensioners was 4,787,920, the Ministry of Labor and Social Solidarity data showed. The gross minimum basic salary in the country guaranteed in payment stood at RON 2550 (EUR 455), with the exception of construction, the agricultural sector and the food industry, where it was RON 3000 (EUR 607).
COMPANIES & BUSINESS
11:23 Three out of four employees in Romania (74%) want to change jobs this year, with more than half of them justifying that they will have to take on more tasks if the teams are reduced, a survey conducted by online recruitment platform BestJobs reveals.
10:00 In 2022, more than 220 deals totally worth EUR4-5 billion were sealed on Romania’s market, according to data and calculations by local business daily Ziarul Financiar (ZF).
09:49 Romania needs more than 2,500 cybersecurity specialists to fill the staff shortage currently faced by companies in the industry after three years of accelerated digitization, Andrei Avadanei, CEO of cybersecurity company Bit Sentinel, told ZF.
09:32 Innovation Labs – a University based pre-accelerator program designed to expose students interested in technology and entrepreneurship- said it would run its eleventh edition implementing a pre-program pilot component in Bucharest.
09:19 Romania’s Financial Supervisory Authority (ASF) approved the request of investment management firm Patria Asset Management to license a new open-end investment fund, called ETF Energie Patria-TradeVille, and register it in the public register of ASF.
10:33 Several hundred trade unionists from forestry started protest in front of the government at Victoria Square in Bucharest, requesting that Romania’s forests not be privatized, Agerpres reported.
10:18 Approximately 63,000 travelers entered Romania in the past 24 hours, including around 8,300 Ukrainian citizens, according to the General Border Police Inspectorate (IGPF).
|EUR 4.9359||GBP 5.5861|
|USD 4.5851||CHF 5.9209|
|BGN 2.5237||MDL 0.2394|
BNR INTEREST RATES
|16.76% (Nov. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.20%, BET-TR 0.20%, BET-FI -0.42%, BET-NG 0.41%, BET-XT 0.19%,|
BETXT-TR 0.19%, BET-BK 0.25%, RO-TX 0.35%, BETAeRO 0.63%
CAPITAL MARKET COMMENTARY
|Bucharest stocks indices turned in a mixed performance on Thursday as the European Central Bank (ECB) said that the average inflation rate is expected to fall to 6.3% this year, before declining further to an average of 3.4% in 2024 and 2.3% in 2025. To achieve the 2% inflation target, the ECB stated that interest rates will still have to rise significantly at a steady pace to reach levels restrictive enough to return to the target range.|
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