17:56 Romania’s Minister of Justice Catalin Predoiu said on Monday, in the context of a meeting with Finnish Minister for European Affairs and Ownership Steering Tytti Tuppurainen, that Romania will continue public policies aimed at strengthening the independence of the Judiciary and its efficiency, according to the Ministry of Justice.
16:58 The number of employment contracts registered in the General Employee Directory – REGES stands at over 6.68 million, a 10-year high, and the number of employees is at a record level of 5.79 million, Labor Minister Marius Budai wrote on Facebook on Monday.
13:18 Romania’s Minister of Health Alexandru Rafila told a joint news conference with Korean ambassador in Romania Rim Kap-soo on Monday that Romania will receive from South Korea a donation of medical and IT equipment worth approximately 8 million US dollars.
12:45 President of Moldova’s Parliament Igor Grosu said on January 15 in Bucharest while celebrating Romania’s National Culture Day, that there is no imminent danger of the conflict in Transnistria escalating.
12:28 The Ministry of Entrepreneurship and Tourism (MAT) will attend in January three exhibitions abroad to promote Romania’s tourism offer, namely the Caravaning Motor Touristik (CMT), the International Tourism Trade Fair (FITUR) and Les Thermalies, according to the Ministry.
14:48 The Ministry of Finance (MF) borrowed, on Monday, 2.2 billion RON from banks, through an issue of benchmark government bonds, with a residual maturity of 109 months, at an yield rate of 7.67%, according to data published by the National Bank of Romania (BNR).
11:19 Final electricity consumption totaled 47.386 billion kWh in January-November 2022, down 6.8% y-o-y, while final consumption of electricity in the economy decreased by 5.9%, the National Institute of Statistics (INS) data showed.
10:18 The production of cars in Romania reached 509,465 units in 2022, up 21% y-o-y, according to the data provided by the Association of Automobile Manufacturers in Romania (ACAROM).
COMPANIES & BUSINESS
10:22 Omer Tetik, CEO of Romania’s biggest lender by assets Banca Transilvania, says 2022 was a challenging year for the financial market, one of the most volatile years he has seen, but the bank ended it well. For 2023, we are upbeat, but cautiously so, he told business daily Ziarul Financiar (ZF).
09:48 Frank Reul, a development manager for Eastern Europe with French multinational hospitality company Accor, says there’s still room for growth on the local market, even in Bucharest. Accor is carefully assessing the local market and increasingly bets on expanding its hotel network, ZF reported.
11:36 The natural population change in Romania stayed negative in November 2022, at minus 7,139 people, with the number of deaths being 1.5 times higher than that of live births, INS data showed.
09:57 A number of 73,352 people entered Romania through border points, of whom 7,636 were Ukrainian citizens, according to the General Inspectorate of the Border Police (IGPF).
MORE NEWS FROM ROMANIA
18:14 Goods worth 221,550 RON were detained by customs inspectors in Brasov.
|EUR 4.9405||GBP 5.5737|
|USD 4.5614||CHF 5.9250|
|BGN 2.5260||MDL 0.2388|
BNR INTEREST RATES
|16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -2.10%, BET-TR -2.10%, BET-FI -0.95%, BET-NG -2.45%, BET-XT -1.90%,|
BETXT-TR -1.90%, BET-BK -1.76%, RO-TX -1.96%, BETAeRO 0.20%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded in the red on Monday bucking the uptrend across Europe. UniCredit Bank which is part of the UniCredit Group and one of the major banks in Romania, listed, the first corporate bonds issued this year, worth RON 488.5mn on the Main Market of the BVB. In other news, the European Bank for Reconstruction and Development (EBRD) and the BVB are launching a new Investor Relations and Liquidity Support Programme in Romania, to improve capital market visibility and stock exchange liquidity of up to 3 selected issuers.|
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