TODAY’S NEWS
POLITICS
12:35 President Klaus Iohannis told an annual meeting with heads of accredited diplomatic missions in Romania that energy security is a priority of the European Union and that Romania will continue to take the necessary steps to make sure that the country’s diversified energy mix and low-cost technologies are reflected in the public’s final bills.
11:59 The Minister of Development, Public Works and Administration (MDLPA), Cseke Attila, on Tuesday signed 120 new financing agreements through component C10 – the Local Fund from the National Recovery and Resilience Plan, in a total amount of over 230 millions of lei, according to MDLPA.
09:38 Social Democratic Party (PSD) President Marcel Ciolacu Romania TV on Monday that Romania needs a leftist president. “A change is needed after 20 years. There are leftist people in Romania who can occupy this position, the highest position in the Romanian state,” he said.
ECONOMY
19:17 Romanians spent EUR6.5 billion on vacations abroad in the first eleven months of last year, and the whole-year spending will most likely overshoot the EUR7 billion mark, according to Ziarul Financiar calculations based on the latest central bank data for January-November 2022.
18:19 The Ministry of Finance (MF) borrowed, on Tuesday, 75 million RON from banks, through an issue of benchmark government bonds, at annual an average yield of 7.67%, according to data published by the National Bank of Romania (BNR).
COMPANIES & MARKET
18:59 The Romanian art market followed an upward trend in 2022, supported by the emergence of new generations of collectors oriented towards investment and return, as well as by the accessibility of online auction channels, according to Artmark auction house.
19:01 Romania’s biggest power producer Hidroelectrica will put several investment projects in several of its key units worth more than RON1 billion to a vote at a general meeting of shareholders in the middle of next month, public data showed.
18:38 NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, obtained a green loan worth EUR60 million, for Ploiesti Shopping City, from a banking syndicate led by BRD Groupe Société Générale.
SOCIAL
15:13 The General Inspectorate for Immigration (IGI) registered 12,368 asylum applications in 2022. The most were submitted by the citizens of Ukraine (4,398), India (1,486) Bangladesh (1,364) Syria (1,313) and Pakistan (803) according to IGI.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9314 | GBP 5.5665 |
| USD 4.5583 | CHF 5.9386 |
| BGN 2.5214 | MDL 0.2386 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.09%, BET-TR -0.09%, BET-FI 0.53%, BET-NG 0.70%, BET-XT 0.07%, BETXT-TR 0.07%, BET-BK 0.24%, RO-TX -0.37%, BETAeRO -0.24% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks turned in a mixed performance on Tuesday. The Bucharest Stock Exchange (BVB) reached a new record in 2022 in terms of the total value of transactions carried out on all markets with all types of financial instruments after total transactions exceeded RON 24 billion, up 11% from the level of 2021, when this value was RON 21.6 billion, the BVB said in a statement. In the equity segment, total transactions of almost RON 13.5 billion were made last year. |
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