10:41 Romania’s Minister of Development, Public Works and Administration Cseke Attila has signed 30 new financing contracts under component C5 – Renovation Wave in the National Recovery and Resilience Plan (PNRR) worth a total of RON 440,857,833.47, Agerpres reported.
10:31 Romania’s President Klaus Iohannis received, on Tuesday, the new ambassadors of the United States of America, Kathleen Ann Kavalec, of Turkey, Ozgur Kivanc Altan, of Slovakia, Peter Hatiar, and of Mexico, Amparo Erendira Anguiano Rodriguez, on the occasion of which they had presented their letters of credence.
11:11 The production of passenger cars increased by 9.65% in January 2023 compared to the same period in 2022, up to 35,171 units, according to the Romanian Automobile Manufacturers Association (ACAROM).
10:25 In 2022, mining and quarrying as well as processing contributed to a 24.5% increase in Romania’s industrial turnover y-o-y, the National Institute of Statistics (INS) data showed.
10:17 In 2022, new orders in the manufacturing industry increased by 18.4% y-o-y, according to INS data.
09:45 The cash in circulation continued to rise and in December 2022 went beyond the RON101.3 billion level, a new all-time high, after a 5.4% increase from December 2021, National Bank of Romania data showed.
09:31 Romania had the second highest economic growth rate (5%) in the European Union in the final quarter of 2022 y-o-y, after Ireland (15.7%) and ahead of Cyprus (4.4%), data released by Eurostat showed.
COMPANIES & BUSINESS
09:28 Romanian winemakers’ revenue grew by more than 20% in 2021 compared with 2020, reaching its highest level ever, almost RON2.1 billion, according to a KeysFin report.
09:14 The Bucharest Stock Exchange (BVB) plans to have Central Counterparty (CCP), through which the derivatives market of BVB is being relaunched, operational in the final quarter of 2023, CEO Adrian Tanase said.
09:09 The extremely hard times, with two years of a pandemic and one year of war on the border, led in 2022 to an increase by just 3% in the number of start-up SMEs from 2021, Florin Jianu, chairman of the National Council of privately-run SMEs (CNIPMMR) said.
|EUR 4.8993||GBP 5.5197|
|USD 4.5711||CHF 4.9570|
|BGN 2.5049||MDL 0.2430|
BNR INTEREST RATES
|15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.83%, BET-TR 0.83%, BET-FI 0.99%, BET-NG 0.79%, BET-XT 0.87%,|
BETXT-TR 0.87%, BET-BK 0.90%, RO-TX 0.73%, BETAeRO 1.48%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed in the green on Wednesday, as the National Bank of Romania revised downwards its inflation forecast for 2023 to 7% from its previous December projection of 11.2%, BNR chief Mugur Isarescu told a press briefing presenting the quarterly inflation report.|
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