13:51 Prime Minister Nicolae Ciuca and Speaker of the Latvian Saeima (Parliament) Edvards Smiltens discussed on Monday in Bucharest the steps to open a Romanian embassy in Riga, as an important factor for boosting the bilateral relationship, the government said.
09:43 President Klaus Iohannis is paying an official visit to the United Arab Emirates (UAE) from 18-21 March, at the invitation extended by the President of the Emirates, Sheikh Mohamed bin Zayed Al Nahyan. “Beyond the cooperation at government level or in terms of research and innovation, it was highlighted the interest in the development of joint projects between the Romanian companies and companies from the United Arab Emirates” the Presidential Administration said in a statement.
09:32 Foreign Affairs Minister Bogdan Aurescu will participate on Monday in Brussels, in the meeting of foreign affairs ministers of the EU member state – the Foreign Affairs Council (FAC), according the Foreign Affairs Ministry (MAE),
18:49 Romania’s finance ministry raised RON1.2 billion on Monday (March 20) through two government bond issues, at annual average yields of 7.32% and 6.86%, respectively, National Bank of Romania (BNR) data showed.
09:14 Bucharest continues to be the leading exporter and importer in 2022, with companies headquartered in the city generating 20% of Romania’s total exports and 32% of total imports, National Institute of Statistics (INS) for the first ten months of 2022 showed.
09:01 Foreign tourists spent EUR4.280 billion during their holiday in Romania last year, INS data showed.
09:00 The employment rate for the working age population (15-64 years) was 62.8% in the final quarter of 2022, down by 0.6 percentage points compared to the level recorded during the third quarter of 2022, according to INS data.
COMPANIES & MARKET
15:47 Romanian state-controlled hydropower company Hidroelectrica signed a joint venture agreement with UAE’s Masdar on Monday, to build offshore wind farms and floating solar parks in Romania.
08:31 In 2022, e-commerce sales in Romania stood at EUR6.3 billion, slightly higher than the EUR6.2 billion recorded in 2021, according to the estimates of GPeC, Romanian online store association ARMO and the main actors in the sector.
08:28 The Bucharest Stock Exchange (BVB) lost 9.78 billion RON in capitalization, 4.5%, last week, while the value of transactions with shares increased by 262.17%.
|EUR 4.9219||GBP 5.6180|
|USD 4.6021||CHF 4.9593|
|BGN 2.5165||MDL 0.2485|
BNR INTEREST RATES
|15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -1.42%, BET-TR -1.42%, BET-FI 0.21%, BET-NG -1.34%, BET-XT -1.27%,|
BETXT-TR -1.27%, BET-BK -0.95%, RO-TX -1.02%, BETAeRO 0.20%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed mostly in the red on the first trading session of the week bucking the trend across Europe where major stock markets finished off with solid gains, as investors digested news of UBS’s takeover of Credit Suisse. The European Central Bank’s latest remarks seemingly eased a portion of concerns related to the issue. Nonetheless, uncertainty tied to the economic outlook still lingered.|
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