11:18 Romania’s President Klaus Iohannis will participate on Wednesday (Feb. 22), in Warsaw, alongside his Polish counterpart Andrzej Duda, in the extraordinary meeting of the Bucharest 9 Format (B9), with US President Joe Biden and NATO Secretary General Jens Stoltenberg attending the summit as guests, according to the Presidential Administration.
11:11 Romanian Minister of Agriculture and Rural Development Petre Daea said in a statement to Agerpres that the Russia-Ukraine conflict had a negative influence on Romania’s agriculture, with implications that cannot yet be quantified, and farmers being currently in an extremely delicate situation, “with full warehouses and empty bank accounts.”
11:01 Romania does not allow the destruction of the Danube Delta under any circumstances, and the works on the Bystroye Canal have to stop now, national leader of the Social Democratic Party (PSD) Marcel Ciolacu wrote in a social media post on Monday (Feb. 20).
18:42 The private pension funds operating on the mandatory segment in Romania (Pillar II) reported record assets of RON100.2 billion last month, being the first time Pillar II funds have overshot the RON100 billion asset mark, data released by Romania’s Financial Supervisory Authority showed.
10:55 New car registrations in Romania increased by 31.4% year-over-year to 12.266 units last year, placing the country 14th in the European Union (EU), according to data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM).
10:33 The number of real estate transactions, which include houses, land and apartments, was down 44.4% in January 2023 compared with December 2022, the National Agency for Cadaster and Land Registration (ANCPI) data showed.
COMPANIES & MARKET
14:27 In 2022, online stores in Romania saw a 12.5% increase in the number of orders placed by buyers and a 22% advance in sales value compared to 2021, an analysis by MerchantPro showed.
10:44 According to Deloitte CFO Survey Romania 2023 carried out at the end of 2022 among over 120 financial directors from the country, 55% of the participants feel a high level of financial and economic uncertainty. In the region, the percentage is even higher (61%), and the first factor of uncertainty is related to the war in Ukraine.
10:28 Almost two-thirds (65%) of Romanian companies expect an increase in their turnover this year, while 30.2% expect a turnover similar to that of 2022 and only 4.8% of the respondents expect a decrease in revenues in 2023, according to a survey conducted by the Romanian Employers Association in the Software Industry (ANIS).
|EUR 4.9193||GBP 5.5835|
|USD 4.6169||CHF 4.9899|
|BGN 2.5152||MDL 0.2455|
BNR INTEREST RATES
|15.07% (Jan. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.06%, BET-TR -0.06%, BET-FI 0.35%, BET-NG -0.38%, BET-XT -0.06%,|
BETXT-TR -0.06%, BET-BK -0.05%, RO-TX -0.15%, BETAeRO -0.03%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded in the red on Tuesday mirroring the trend across Europe where markets closed lower after following the latest data updates, such as those on the economic sentiment in Germany and the private sector in the United Kingdom, which voiced concerns about inflationary pressures and the general situation remaining unfavorable. Later, European Central Bank (ECB) President Christine Lagarde reaffirmed the institution’s plans to raise interest rates by 50 basis points in March.|
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