POLITICS
12:39 The government supports the efforts of Romanian producers to enter other European markets, and also emerging markets, Prime Minister Nicolae Ciuca said on Thursday (Feb. 16) according to a post on the Government’s Facebook page.
ECONOMY
13:01 In 2022, Romania’s foreign trade saw a 26% increase y-o-y, to the value of 218.1 billion euros, a record year in terms of Romania’s trade relations Iuliu Stocklosa, the president of the Chamber of Commerce and Industry of the City of Bucharest (CCIB), told a specialist forum on Thursday (Feb. 16).
12:49 The European Bank for Reconstruction and Development (EBRD) slightly lowered its estimates regarding the development of the Romanian economy in 2023 to 1.7%, after the forecast in September indicated an expansion of 1.9% this year. Growth would accelerate to 3.2% in 2024.
11:22 Romania must implement the adequate European minimum income by 2024 and the Romanian employee will only have to gain, because his minimum income would increase significantly, an analysis conducted by EY Romania reveals.
10:36 If the exchange rate had increased, the only impact would have been higher inflation, the governor of the National Bank of Romania, Mugur Isarescu, stated on Wednesday (Feb. 15).
COMPANIES & MARKET
13:08 Romanian companies are concerned about the slowdown in economic growth, the expected increase in unemployment and high inflation, according to the Deloitte 2023 Romania CFO Survey, conducted at the end of last year among over 120 chief financial officers (CFOs) based in Romania.
12:48 More than a third of 18- to 25-year-olds found their current job in less than a month, according to a survey by online recruiting platform eJobs.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9007 | GBP 5.5182 |
| USD 4.5758 | CHF 4.9640 |
| BGN 2.5057 | MDL 0.2443 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.18%, BET-TR -0.18%, BET-FI -0.51%, BET-NG 0.02%, BET-XT -0.26%, BETXT-TR -0.26%, BET-BK -0.28%, RO-TX -0.16%, BETAeRO -0.20% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the red on Thursday bucking the trend across Europe where markets closed higher on Thursday amid the release of the latest earnings reports. |
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