POLITICS
09:13 Romania’s President Klaus Iohannis will pay an official visit to Sofia, Bulgaria, at the invitation of his Bulgarian counterpart Rumen Radev to sign a joint statement on a strategic partnership between the two countries, according to the Romanian Presidential Administration.
09:01 Labour and Social Solidarity Minister Marius Budai and Permanent State Secretary at Germany’s Federal Minister for Labour and Social Affairs Rolf Schmachtenberg have signed the Joint Working Programme 2023-2024, which provides for an increased collaboration between the two states, to the benefit of the Romanian citizens working in Germany, the Labour minister wrote on his Facebook page on Tuesday (March 14).
08:46 The Senate plenum adopted, on Tuesday (March 14), the law on the modification of the normative act on the protection of public interest whistleblowers, in accordance with the recommendations of the European Commission, with the word “substantial” being removed from the phrase “substantial evidence”, Agerpres reported.
ECONOMY
10:19 Approximately three billion euro from the budget of the European Union is allocated, annually for agriculture in Romania, the minister of agriculture and rural development Petre Daea stated in Botosani on Tuesday.
10:15 Average net pay in Romania stood at RON 4,254 in January 2023, up 15% y-o-y, and down 3.3% m-o-m, the National Institute of Statistics (INS) data showed.
10:02 The total tax contributions paid by the oil and gas sector to the consolidated budget were stood at 21.5 billion lei in H1, representing 9.7% of the state’s total revenues, according to a study published by the Employers’ Oil and Gas Federation (FPPG).
COMPANIES & MARKET
10:52 Remote jobs offer falls for the first time in three years, according to an analysis published by online recruitment platform eJobs.
10:47 Six in ten businesses in Romania say they are reluctant when it comes to adopting a four-day work week, a survey by BestJobs, an online recruitment platform reveals.
10:43 Bucharest-listed One United Properties, the leading green real estate developer in the Romanian capital city, was included in the ROTX Index of the Vienna Stock Exchange.
MORE NEWS FROM ROMANIA
CRAIOVA
10:59 The management of the Craiova International Airport signed a 12 million EUR contract with the association of companies that won the tender for the supply of intervention equipment and machinery.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9207 | GBP 5.5866 |
| USD 4.6258 | CHF 4.0298 |
| BGN 2.5160 | MDL 0.2456 |
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 -1.66%, BET-TR -1.66%, BET-FI -0.97%, BET-NG -2.04%, BET-XT -1.58%, BETXT-TR -1.58%, BET-BK -2.06%, RO-TX -1.67%, BETAeRO -0.48% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed lower on Wednesday in line with markets across Europe as Silicon Valley Bank’s (SVB) collapse caused a shockwave to the banking sector and major losses to that field’s entities, such as Credit Suisse Group AG. The Swiss lender’s shares tanked after the bank’s biggest investor Saudi National Bank, said it would not offer more financial help. |
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