TODAY’S NEWS
POLITICS
10:45 Minister of Foreign Affairs Bogdan Aurescu held a telephonic conversation, on Wednesday, with his Polish counterpart, Zbigniew Rau, on bilateral relations, with the top Romanian diplomat conveying thanks, at the same time, for Poland’s “firm” and “active” support for Romania’s accession to the Schengen area, according to the Ministry of Foreign Affairs (MAE).
10:32 Minister of Development, Public Works and Administration Cseke Attila signed on Thursday (Jan. 19) 38 new financing contracts worth a total of RON 369,889,052.79 under the “Renovation Wave” programme to increase energy performance of buildings, Agerpres reported.
09:23 Romania’s accession to the Schengen area and immigration were among the topics addressed by the Minister of Internal Affairs, Lucian Bode, and the Greek Minister of Migration and Asylum, Panagiotis Mitarachi, who is visiting Romania, Bode wrote on Wednesday on his Facebook page.
ECONOMY
20:58 Romania’s finance ministry raised RON4.19 billion on Thursday (Jan 19) selling bonds maturing in July 2029, at annual an average yield of 7.39%, National Bank of Romania data showed.
14:36 In November 2022, the volume of construction works in Romania increased by 20.3% y-o-y data from the National Institute of Statistics INS showed.
COMPANIES & BUSINESS
11:11 The Constanta Port registered a record traffic of goods in 2022, in the context of the conflict in Ukraine, as 75.550 million tons of cargo traffic last year represents an increase of 11.85% compared to 2021, according to the Constanta Port Business Association (CPBA).
10:18 Romania’s mergers and acquisitions (M&A) market reached a record high in terms of value and number of transactions last year. The total estimated market value for both disclosed and undisclosed value transactions stood at approximately EUR6.5 billion-EUR7.5 billion, while disclosed value transactions amounted to EUR4.1 billion, an analysis by Deloitte Romania reveals.
10:00 Companies leased a total of 332,922 square meters of office space in 2022, including new office space leases and contract renegotiations. On an annual basis, demand for new office space was up 13% last year Fortim Trusted Advisors data showed.
09:17 Romania’s Henri Coanda (Otopeni) international airport served more than 12.6 million passengers in 2022, up 80% y-o-y, according to the data from Otopeni Airport representatives.
SOCIAL
10:05 A number of 58,538 people entered Romania through border points, of whom 7,684 were Ukrainian citizens, according to the General Inspectorate of the Border Police (IGPF).
MORE NEWS FROM ROMANIA
TIMISOARA
11:02 The government will approve an investment project worth RON 420 million for building a railway to link the Traian Vuia Airport to the city of Timisoara, according to Prime Minister Nicolae Ciuca.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9293 | GBP 5.6181 |
| USD 4.5551 | CHF 5.9653 |
| BGN 2.5203 | MDL 0.2399 |
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 0.11%, BET-TR 0.11%, BET-FI -0.21%, BET-NG 0.38%, BET-XT 0.09%, BETXT-TR 0.09%, BET-BK -0.24%, RO-TX 0.19%, BETAeRO -0.01% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed mostly higher on Thursday as stock exchanges in Europe were below the flatline at the end of the trading session with investors looking into statements made by leaders of major central banks earlier in the day. The European Central Bank is reportedly planning to introduce additional 50 basis point interest rate hikes, while the Bank of England governor expects a “long but shallow” recession in Britain. |
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