11:45 Romania has certain targets to be met in decarbonising the energy sector in the country, and this process began before the onset of the current energy crisis, secretary of state with the Ministry of Energy Dan-Dragos Dragan told a specialist conference on Thursday (March 16).
10:32 President Klaus Iohannis and his Bulgarian counterpart Rumen Radev on Wednesday signed the Declaration on the Strategic Partnership between Romania and Bulgaria, according to the Presidential Administration,
10:18 Prime Minister Nicolae Ciuca on Wednesday (March 15) welcomed Jordanian Minister of Agriculture Khalid Al-Hanifat at the Government House to discuss developing agricultural trade, with emphasis on Romanian export of grain and livestock, according to the Romanian government press statement.
10:59 Romania’s manufacturing new orders (domestic market and international market), grew in January 2023 in nominal terms by 2% on a monthly basis, and by 5% y-o-y, the National Institute of Statistics (INS) data showed.
10:51 The average monthly pension increased by 0.5% in the final quarter of 2022, compared to the previous quarter, to 1,866 RON, the average number of pensioners being 4,992 million people, down by 4,000 people, the INS said.
COMPANIES & MARKET
11:08 The factoring market stood at EUR7.85 billion in 2022, marking a record high increase of 30% y-o-y, with domestic factoring operations accounting for EUR6.78 billion, up 35% from 2021, according to the Romanian Factoring Association (ARF).
11:01 Hidroelectrica, Romania’s largest electricity producer which is preparing to be listed on the Bucharest Stock Exchange, has concluded a joint venture partnership with UAE’s Future Energy Company Masdar for the purpose of developing, investing, building and operating renewable energy projects in Romania.
10:55 Romanian state-owned CEC Bank said it would continue to finance Romanian entrepreneurs this year through the IMM Invest Plus government programs, by granting subsidized loan interest and fees.
|EUR 4.9190||GBP 5.5860|
|USD 4.6371||CHF 4.9881|
|BGN 2.5150||MDL 0.2492|
BNR INTEREST RATES
|15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.20%, BET-TR -0.20%, BET-FI -0.43%, BET-NG 0.31%, BET-XT -0.16%,|
BETXT-TR -0.16%, BET-BK 0.01%, RO-TX -0.32%, BETAeRO 0.13%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed mostly lower on Thursday after the European Central Bank raised interest rates by 0.5 percentage points. ECB President Christine Lagarde repeatedly gave assurances that the euro area’s “banking sector is resilient” with “perfectly addressed” liquidity.|
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