-European Commissioner for Internal Market Thierry Breton is visiting Romania on Wednesday (April 12), according to the European Commission Representation in Bucharest. The official is scheduled to meet Prime Minister Nicolae Ciuca and Speaker of the Chamber of Deputies Marcel Ciolacu.
-Deputies Chamber: USR submits simple motion against Minister of Agriculture, Agerpres reported.
-Over 3 million tons of Ukrainian grains were shipped through Romania’s Constanta port in the first quarter of 2023.
-Romania’s finance ministry will be launching new government bond issues for the general population only, starting Thursday (April 12), through the TEZAUR program.
-Average net pay was up RON 16 in February 2023 to RON 4,270 (EUR 862), official data showed.
-The International Monetary Fund (IMF) revised Romanian’s real economic growth forecast downwards to 2.4% from the 3.1% estimated in the fall, the Fund’s latest World Economic Outlook report released on Tuesday showed.
COMPANIES & MARKET
-The passenger car output of Dacia and Ford car plants in Romania, increased by 4.7% in the first three months of 2023, to 142,756 units, according to data provided by carmakers association ACAROM.
-Bucharest’s office space rental market was dominated by companies in the IT&C sector in the first quarter of 2023, accounting for 19% of the newly leased area, an analysis by ESOP Consulting reveals.
-In the first quarter of 2023, the country’s real estate market registered seven major deals totally worth around EUR133 million, exclusively taking into account deals worth at least EUR5 million, an analysis by JLL reveals.
|EUR 4.9381||GBP 5.6089|
|USD 4.5196||CHF 4.0080|
|BGN 2.5248||MDL 0.2499|
BNR INTEREST RATES
|15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.09%, BET-TR -0.09%, BET-FI 0.06%, BET-NG -0.30%, BET-XT –0.04%,|
BETXT-TR -0.04%, BET-BK -0.03%, RO-TX -0.05%, BETAeRO 0.75%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed in the red on Wednesday bucking the trend across Europe where major markets traded in the green as investors turn to tomorrow’s release of crucial data for the Old Continent, which will include GDP, trade balance, and production updates for the United Kingdom, inflation estimates for Germany as well as industrial output figures for the Eurozone.|
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