POLITICS
10:55 Romania’s Minister of Foreign Affairs Bogdan Aurescu, on Monday (Feb. 20) will travel to the capital of Belgium to take part in the Foreign Affairs Council (FAC) meeting, according to the Ministry of Foreign Affairs. The Foreign Affairs Council (FAC) is composed of the ministers of foreign affairs, defense and/or development of the Member States of the European Union.
10:48 Culture Minister Lucian Romascanu wrote on Facebook on Sunday (Feb. 19) on the Constantin Brancusi National Day, that the Romanian sculptor, who revolutionised plastic language, is one of the great ambassadors of Romania.
10:39 The Environment Ministry will forbid all works along the Bystroye Canal that could affect the Danube Delta biodiversity and ecosystem, given that neither the Romanian, nor the Ukrainian national legislation allow such works in that area, Environment Minister Barna Tanczos said in a video statement.
ECONOMY
10:55 The number of job vacancies dropped to 41,900 in the final quarter of 2022, down by 3,400 compared to the previous quarter, according to the National Institute of Statistics (INS) data.
10:52 Last year, the volume of construction works was 12.9% higher in unadjusted terms y-o-y, and 10.8% up expressed as workday and seasonally adjusted terms, the National Institute of Statistics (INS) data showed.
COMPANIES & MARKET
10:42 The global index provider FTSE Russell reveals, in the semi-annual review effective from March 20, 2023, that all 13 Romanian companies included in the Global All Cap and Global Micro Cap indices dedicated to Emerging Markets will maintain their position in indices.
10:21 The conflict in Ukraine is generating new trade routes and changes in supply chains, and Romania can benefit from this trend, given that the region has been an important destination for nearshoring and offshoring for Western European manufacturers, according to Dinu Bumbacea, PwC Romania country managing partner, in an opinion granted to Agerpres on the economic impact of the war in Ukraine.
10:14 Romania is among the most competitive countries in Central and Eastern Europe (CEE) in terms of the retail market, according to a report titled Market Outlook 2023 conducted by CBRE Romania.
SOCIAL
10:18 More than 84,000 people, including 7,687 Ukrainian citizens, entered Romania on Saturday (Feb. 18), according to the General Inspectorate of the Border Police (IGPF).
MORE NEWS FROM ROMANIA
ARAD
10:27 The western Romanian city of Arad is the location where Europe’s largest solar plant will be constructed, with the first stage of work to start in July. The full project is scheduled to be completed by 2026. The investment will be made on the initiative of Monsson Group under three programs carried out by private investors in the region of Arad. Monsson’s representatives stated that the total value of the project amounts to about EUR 1.4 bn, Ziare reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9196 | GBP 5.5376 |
| USD 4.6046 | CHF 4.9867 |
| BGN 2.5153 | MDL 0.2471 |
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 0.30%, BET-TR 0.30%, BET-FI -0.17%, BET-NG 0.44%, BET-XT 0.26%, BETXT-TR 0.26%, BET-BK 0.21%, RO-TX 0.21%, BETAeRO -0.15% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded mostly in the green on Monday bucking the trend across Europe where stock exchanges closed mostly lower the first trading session of the week as investors continued to analyze incoming economic data and remarks by central bank officials in search of hints about future monetary policy moves. |
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